Which One of the Following Is Generally NOT a Characteristic

question 165

Multiple Choice

Which one of the following is generally NOT a characteristic of an operating lease?

• A) The lessor maintains the asset.
• B) Cost of asset is less than total amount of lease payments.
• C) Asset has residual value at end of lease term.
• D) Short-term lease duration.
• E) Lease term is less than the economic life of the leased asset.

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Definitions:

Psychological Treatment

Intervention based on psychological methods which include therapies and counseling, aimed at changing behavior and emotional state.

Criminally Institutionalized

The process or condition of being formally placed within a structured correctional facility or prison due to criminal activity.

Mentally Incompetent

A legal term used to describe someone who is not able to understand legal proceedings or transactions, often due to mental illness or incapacity.

Addington V. Texas

A landmark Supreme Court case that set standards for involuntary hospitalization and treatment, requiring evidence of severe mental illness and the potential for harm.