Which of the following refers to real estate or land
Subject : Business
Question: Which of the following refers to real estate or land that is owned by individuals or entities?
A) Asset
B) Property
C) Commodity
D) Equipment
Expert Verified Solution:
The correct answer is
B) Property.
“Property” refers to real estate or land that individuals, companies, or other entities own. This term encompasses both the physical land itself and any buildings, structures, or improvements that are permanently attached to the land. Property can be either residential, such as houses and apartments, or commercial, such as office buildings and retail spaces. Property ownership implies certain rights, such as the right to use, sell, lease, or develop the land and any structures on it. In contrast, terms like “asset,” “commodity,” and “equipment” have broader meanings and do not specifically refer to real estate or land.
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