Which of the Following Is False with Regard to "Property

question 68

Multiple Choice

Which of the following is false with regard to "property"?

• A) Personal property includes chattels.
• B) Personal property includes intangible rights.
• C) Real property includes "fixtures."
• D) Both real and personal property can be given as security to a creditor that he will be repaid.
• E) Real property consists of land but does not include the buildings on that land.

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Definitions:

Time Value of Money

Calculations involving the present and future values of money under the action of compound interest. Also called discounted cash flow.

Capital Budgeting Techniques

Methods used by companies to evaluate the profitability and financial feasibility of investment projects.

Incremental Cash Flows

The additional cash flow a project generates over the basic operation cash flows, used to analyze the profitability of a potential investment.

Replacement Project

A replacement project involves investing in new assets to replace old, inefficient, or obsolete ones to maintain or improve operational efficiency.