Final answer:
The composite value including real property, personal property, and intangible assets of a business is called Business Enterprise Value. It exceeds the scope of real estate, market, and appraised values by including intangible assets.
Step-by-step explanation:
The composite value of the real property, personal property, and intangible assets of a business is known as Business Enterprise Value. This value comprehensively accounts for all aspects that contribute to the overall value of a business, beyond just its physical assets. Real Estate Value refers specifically to the value of real property only, while Market Value is the price at which an asset would trade in a competitive auction setting. Appraised Value is the value of a property as determined by a professional appraiser based on its features and the market conditions. However, Business Enterprise Value encompasses all of these in addition to the intangible elements that make up a business's worth.