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When managers are making decisions where the outcomes of alternatives are not known,they are working under conditions of:
Lessor's Cost
The expenses incurred by a lessor (the property owner) when leasing out an asset, including maintenance, taxes, and any other costs related to the asset's upkeep.
Operating Lease
Usually a shorter-term lease where the lessor is responsible for insurance, taxes, and upkeep. Often cancellable on short notice.
Sale And Leaseback
A financial lease in which the lessee sells an asset to the lessor and then leases it back.
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