What Is the Major Consequence of the Creation of a Lease

question 49

Multiple Choice

What is the major consequence of the creation of a lease?

• A) a specified term of tenancy
• B) an increase in the value of property
• C) contractual obligations
• D) exclusive possession

---

Definitions:

Customer Responsiveness

An organization's ability to listen, understand, and take appropriate action regarding customer needs and requests promptly.

Competitive Advantage

The unique attributes or conditions a company possesses that enable it to outperform its competitors.

Resource Effectiveness

The efficient and effective use of resources to achieve desired outcomes and objectives.

Nonprofit Sector

A segment of the economy consisting of organizations that operate primarily for purposes other than making a profit, focusing on social, charitable, cultural, educational, or community-oriented goals.