Which of the Following Typically Is NOT Considered a Staff

question 101

Multiple Choice

Which of the following typically is NOT considered a staff department?

• A) Strategic planning
• B) Accounting
• C) Manufacturing
• D) Human resources
• E) Research and development

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Definitions:

Capitalized Lease

A lease agreement accounted for as an asset and liability on the balance sheet, indicating ownership-like characteristics.

Lessee

The party in a lease agreement who obtains the right to use an asset in exchange for periodic lease payments.

Residual Value Guarantees

Promises made by lessees to lessors that the asset being leased will have a certain value at the end of the lease term.

Lessors

Parties that lease or rent out assets to lessees in exchange for periodic payments.