A Person Who Transfers the Right of Possession and Use

question 47

Multiple Choice

A person who transfers the right of possession and use of goods under a lease is known as the ________.

• A) lessor
• B) lessee
• C) seller
• D) consignee

---

Definitions:

High-Involvement MSG

Pertains to management strategies that focus on engaging employees deeply in the decision-making process, improving motivation, satisfaction, and performance.

Indirect Pay

Benefits and compensations provided to employees that are not monetary wages, including insurance policies, retirement plans, and vacation time.

Employer-Employee

The formal relationship between a worker and a company or individual that hires them for wages or salary, under which work is performed.

Labour Flexibility

The ability of a workforce to adapt to changes and demands in the workplace, including varied job functions, working hours, and employment conditions.