Suneeta Wants to Buy a Large Commercial Property Called Blackacre

question 54

Multiple Choice

Suneeta wants to buy a large commercial property called Blackacre from Horst.The property contains various types of buildings.It is currently used as a television studio.Suneeta wants to use it as an Internet telecommunications centre.Which of the following statements is true as a matter of risk management?

• A)Suneeta should hire an appraiser to determine whether or not Blackacre is,from a technical perspective,suitable for her business purposes.
• B)Suneeta should hire an inspector to ensure that the property,and buildings located on it are safe and sound and should hire a lawyer to make sure the land is zoned for her intended use.
• C)Suneeta should hire an environmental auditor to ensure that the buildings are strong enough to withstand the worst weather conditions that might reasonably be expected to occur in the area.
• D)Suneeta should hire a surveyor to search the marketplace in order to ensure that no other suitable property is available.
• E)Suneeta should hire a real estate agent to ensure that the land supposedly included within Blackacre does not encroach upon a neighbouring property.

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Definitions:

Self-directed

Relating to individuals who are able to guide, manage, and assess their own learning and work without constant supervision.

Reasonable Freedom

A concept referring to the amount of autonomy and liberty considered fair or adequate in a given context, allowing individuals or groups to make choices within certain boundaries.

Take Initiatives

The action of identifying opportunities and proactively pursuing them without being prompted by others, showing leadership and self-drive.

Argyris

Refers to Chris Argyris, a pioneer in the field of organizational development, known for his work on the theory of organization behavior.