Operating Leases Often Have Terms That Include

question 27

Multiple Choice

Operating leases often have terms that include

• A) maintenance of the equipment by the lessor.
• B) full amortization over the life of the lease.
• C) very high penalties if the lease is cancelled.
• D) restrictions on how much the leased property can be used.
• E) much longer lease periods than for most financial leases.

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Definitions:

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The perception that a person has of their own self-worth, value, and capabilities.

Independence

The state of being self-reliant and free from outside control, or the capacity to make decisions and act on one's own behalf.

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The state of relying on or needing someone or something for aid, support, or the like.

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The process of determining retirement income goals, risk tolerance, and the actions and decisions necessary to achieve those goals.