Final answer:
Grounds, buildings, equipment, and furnishings are examples of an operation's tangible assets, representing the physical components necessary for running the business. Option B is correct.
Step-by-step explanation:
Grounds, buildings, equipment, and furnishings are representative of an operation's tangible assets. In a business context, tangible assets are the physical and measurable assets that are used in a company's operations. These assets can be seen and touched, and are necessary for the business to run its day-to-day activities.
As opposed to intangible assets like patents or trademarks, tangible assets include the very physical components of the operation such as the land and buildings (grounds and buildings), machinery (equipment), and the various items to outfit an office or facility (furnishings).
The correct answer is B) Tangible assets. Grounds, buildings, equipment, and furnishings are all examples of tangible assets that make up an operation. Tangible assets are physical assets that can be seen, touched, and quantified.