Which of the Following Is True About Fixtures

question 58

Multiple Choice

Which of the following is true about fixtures?

• A) They are categorized as real property.
• B) They are easily portable.
• C) They are typically removed prior to a sale.
• D) They can only have one owner at a time.

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Definitions:

Formal Authority

Describes the power given to an individual or position by the organization to make decisions, command resources, and exact obedience.

Internalized Values

Beliefs or standards that individuals adopt as their own guiding principles, influencing their behavior and decision-making.

Right of Command

The authority given to a person or position to make decisions, issue orders, and expect them to be followed within an organizational hierarchy.

Relies

Depends on or trusts in someone or something for support, help, or maintenance.