Which of the Following Is not an Advantage of an Operating

question 3

Multiple Choice

Which of the following is not an advantage of an operating lease?

• A)reduced risk of obsolescence
• B)100 percent financing
• C)income tax advantages
• D)accelerated depreciation

Calculate net worth and understand the impacts of assets and liabilities on personal financial planning.

Recognize the importance and procedures for retirement planning, including estimating expenses and savings strategies.

Distinguish between fixed and variable expenses in the context of retirement planning.

Understand the implications of delaying retirement savings and strategies to mitigate late start.

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Definitions:

Electronic Signature

A digital form of a signature used to give consent or approve documents electronically, having legal standing similar to a handwritten signature.

Statute of Frauds

Legal requirement that certain contracts be in writing and signed by the party to be charged to be enforceable.

Writing

The act of marking coherent words on a surface or the piece of text itself; in legal contexts, many agreements must be documented in writing to be enforceable.

Electronic Transactions

Deals or exchanges of goods, services, or information conducted over electronic systems like the Internet or other computer networks.