Final answer:
The correct option is: d) external obsolescence. fading paint on a building is an example of external obsolescence, which refers to a reduction in value or usefulness of a property due to factors outside of the property. In the case of fading paint, it is caused by exposure to elements like sunlight, rain, and pollution.
Step-by-step explanation:
The fading paint on a building is an example of external obsolescence. External obsolescence refers to a reduction in value or usefulness of a property due to factors outside of the property, such as changes in the surrounding area or deterioration of the property itself. In the case of fading paint, it is caused by exposure to elements like sunlight, rain, and pollution, which gradually deteriorate the paint over time.
The correct option is: a) external obsolescence. fading paint on a building is an example of external obsolescence, which refers to a reduction in value or usefulness of a property due to factors outside of the property. In the case of fading paint, it is caused by exposure to elements like sunlight, rain, and pollution, which gradually deteriorate the paint over time.