Marcus Rented Some Scaffolding to Aid in Replacing the Siding

question 19

Multiple Choice

Marcus rented some scaffolding to aid in replacing the siding of his house.This type of lease would be referred to as

• A)an operating lease.
• B)a security lease.
• C)a capital lease.
• D)a performing lease.
• E)a functioning lease.

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Definitions:

Informal Agency Action

Actions taken by a government agency that do not follow formal rulemaking procedures, often including guidance documents, letters, and advisories.

Formal Rulemaking

A procedure for creating new regulations which involves public notice, opportunities for public comment, and a published draft of the rules.

Informal Policy

Guidelines or practices that are not officially documented but are understood and followed by members of an organization.

Executive Agencies

Agencies of the government responsible for the enforcement and administration of federal laws, usually under the direct control of the President or executive branch.