A Longer-Term, Fully-Amortized Lease Under Which the Lessee Is Responsible

question 267

Multiple Choice

A longer-term, fully-amortized lease under which the lessee is responsible for insurance, taxes, and upkeep, and which the lessee generally cannot cancel without penalty, is called a(n) :

• A) Open lease.
• B) Straight lease.
• C) Operating lease.
• D) Financial lease.
• E) Tax-oriented lease.

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Definitions:

Discrimination

The active denial of full benefits of organizational membership to members of certain groups.

Job Relevant

Pertaining to or directly related to the requirements or responsibilities of a specific job.

Criminal Conviction

A legal declaration that someone is guilty of a criminal offense, typically following a trial or plea agreement.

Political Belief

An individual's convictions or opinions about political strategies, policies, and leaders, often shaped by personal values and social influences.