Examlex
Which of the following is true about the UNWTO's definition of tourism?
Operating Leases
Leases used for short-term leasing of assets, where the lessee does not assume the risk of ownership, and the asset will be returned to the lessor at the end of the lease term.
Asset Turnover Ratio
A financial metric that measures the efficiency of a company's use of its assets to generate sales revenue, calculated by dividing sales revenue by the average total assets.
Operating Lease
Operating lease is a contract that allows for the use of an asset but does not convey rights of ownership of the asset.
Capital Lease
A leasing arrangement in which the lessee records the leased asset as if it was a purchase, reflecting it on their balance sheet as an asset and a corresponding liability.
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