A Lease That Gives the Lessee the Option to Purchase

question 12

Multiple Choice

A lease that gives the lessee the option to purchase the asset at its fair market value at the termination of the lease is called a:

• A)fair market value cap lease.
• B)fair market value lease.
• C)$1.00 out lease.
• D)fixed price lease.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or gender.

Unwanted Behavior

Actions or reactions that are considered undesirable by society or a particular group, often leading to social or personal consequences.

Fixed-Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses, often used in behavioral psychology.

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, in the context of behavioral psychology.