A Lease Where the Intent Is Temporary Use of the Property

question 31

Multiple Choice

A lease where the intent is temporary use of the property by the lessee with continued ownership of the property by the lessor is called

• A) off-balance sheet financing.
• B) an operating lease.
• C) a finance lease.
• D) a purchase of property.

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Definitions:

Economic Behavior

The study of human actions in purchasing, selling, and managing resources, especially in response to economic stimuli or policies.

Prescribed Courses

Courses that are required to be taken to complete a degree or certification program.

Econometrics

The application of statistical and mathematical models to analyze economic data and test hypotheses.

Empirical Economics

The branch of economics that analyzes data to develop verifiable theories or evaluate economic policies.