Which one of the following best describes real property?
Select one:
A. Property being shipped to or from others.
B. Business personal property that includes furniture, machinery and equipment, and
stock/inventory.
C. Tangible property that includes land, structures permanently attached to the land, and
whatever is growing on the land.
D. Vehicles, merchandise, furniture, tools, and similar items. - ✔✔C. Tangible property that
includes land, structures permanently attached to the land, and whatever is growing on the
land.
Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to
mitigate the effects of a business interruption. Which one of the following is an example of an
extra expense?
Select one:
A. Cost to rent temporary office space
B. Insurance premiums
C. Debt repayments
D. Payroll of key employees - ✔✔A. Cost to rent temporary office space
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