Determine the Proper Classification(s)of a House Owned and Used by Rhonda

question 89

Multiple Choice

Determine the proper classification(s) of a house owned and used by Rhonda as her insurance agency office.
I. Personal use property. $\quad$$\quad$$\quad$ IV. Intangible property.
II. Business use property. $\quad$$\quad$$\quad$ V. Real estate.
III. Tangible property. $\quad$$\quad$$\quad$$\quad$ VI. Personal property.

• A)Statements I, III, and V are correct.
• B)Statements II, III, and V are correct.
• C)Only statements I and V are correct.
• D)Only statement V is correct.
• E)Only statement II is correct.

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Definitions:

Traditional Authority

A form of leadership in which authority is legitimized by customs, cultural traditions, and historical precedence.

Rational-legal Authority

A form of leadership where authority is legitimized by legal rules and regulations, and is exercised by officials according to their administrative roles.

Semi-nomadic Lifestyle

A way of life for some cultures that involves moving seasonally while maintaining some fixed habitation.

Harvesting Season

The time of year when crops are ripe and ready to be gathered, varying according to the type of crop and geographical location.