According to Data Compiled by the National Federation of Independent

question 36

Multiple Choice

According to data compiled by the National Federation of Independent Business, what is the most important advantage of buying business equipment over leasing it, as reported by small business owners?

• A) Can treat the asset as they wish
• B) Can own the asset until they want to get rid of it
• C) Cheaper overall
• D) Puts the asset on the books

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Definitions:

Preferences

Individual tastes or desires that influence their choices among various goods, services, or outcomes.

Fewer Errors

A reduction in mistakes or inaccuracies, often resulting in improved efficiency, quality, or performance in various contexts.

System 1

A term often used in psychology to describe the fast, automatic, and emotional way of thinking, as opposed to the slower, more logical thinking of System 2.

Decision Making

The process of selecting among alternatives to achieve a goal or solve a problem.