An Operating Lease Is Generally a _____ Lease Which Specifies

question 150

Multiple Choice

An operating lease is generally a _____ lease which specifies that the _____ is responsible for the maintenance, insurance, and taxes.

• A) short-term; lessee
• B) short-term; lessor
• C) long-term; lessee
• D) long-term; lessor
• E) long-term; grantor

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Definitions:

Build Institutions

The process of establishing and developing structures or organizations that play a foundational role in society, such as schools, banks, and legal systems.

Philanthropy

The desire to promote the welfare of others, expressed especially by the generous donation of money to good causes.

Charity

An organization set up to provide help and raise money for those in need, focusing on public benefit.

Fundraising

The process of gathering voluntary contributions of money or other resources, typically for non-profit organizations.