Meaning of phrasal verb "to wrap up"

[Yurist]

English Language Tests, Intermediate level

ESL/EFL Test #200 "Phrasal Verbs (T to W)", question 9

We are getting close to ......... the meeting so are there any final questions or concerns?

(a) wrapping down
(b) wrapping over
(c) wrapping up

English Language Tests, Intermediate level

ESL/EFL Test #200 "Phrasal Verbs (T to W)", answer 9

We are getting close to wrapping up the meeting so are there any final questions or concerns?

Correct answer: (c) wrapping up

Your answer was: incorrect
We are getting close to wrapping over the meeting so are there any final questions or concerns?
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Why it's wrapping up?

Thanks very much!

[Conchita]

We use the phrasal verb 'to wrap up' here because the meeting is about to end.

wrap something up (FINISH) phrasal verb [M] INFORMAL
to complete something successfully: That just about wraps it up for today.

http://dictionary.cambridge.org/

[Saneta]

That just about wraps it up for today.

not better?: That just about is wrapping it up for today.?

thanks

[Beeesneees]

Definitely not better, Saneta.
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Cheers m' dears!

[Saneta]

1.That just about wraps it up for today- please explain this sentence, it can be with other words.

2. In the sentence there is :'today', so why can't the Present Contunuos tense be as in : That just about is wrapping it up for today.?

Thank you

[Beeesneees]

That just about brings the things we have to talk about to an end for today.
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Cheers m' dears!

[Saneta]

That just about = that almost?

what does 'that' mean in this sentence?

many thanks again