Which of the Following Is/are True About Operating Leases

question 23

Multiple Choice

Which of the following is/are true about operating leases?
I.The lease is generally for a short duration.
II.The lessee is required to provide maintenance for the asset.
III.The lessee assumes any risk of obsolescence.

• A)I only
• B)II and III
• C)I and III
• D)I and II

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Definitions:

Subjective Criteria

Evaluation or judgment criteria based on personal opinions, interpretations, feelings, or judgments, rather than on objective data or evidence.

Pencil-and-Paper Tests

Traditional forms of assessments or examinations where responses are written or selected on paper, often used for educational or psychological testing.

Polygraphs

Lie detector tests that measure physiological responses to questions in order to infer truthfulness.

Reliability and Validity

Terms used in research and testing to describe, respectively, the consistency of results over time and the accuracy of measuring what it is supposed to measure.