Explain the Concept of the 360-Degree Assessment

question 59

Essay

Explain the concept of the 360-degree assessment.What are the benefits of this type of assessment?​

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Definitions:

Finance Lease

A type of lease arrangement where the lessee is considered the de facto owner of the leased asset, being responsible for maintenance and other associated costs, and typically involves commercial equipment or vehicles.

Three Parties

A term generally used in contracts or legal situations where three distinct entities are involved.

Lease

A contractual agreement whereby one party grants another the right to use property, equipment, or facilities for a specified period in exchange for payment.

Title

A legal term referring to a rightful ownership of property, assets, or the evidence thereof.