An Operating Lease's Primary Characteristics Are

question 37

Multiple Choice

An operating lease's primary characteristics are:

• A) fully amortized, lessee maintain equipment and there is not cancellation clause.
• B) not fully amortized, lessor maintains equipment and there is a cancellation clause.
• C) fully amortized, lessor maintain equipment and there is a cancellation clause.
• D) not fully amortized, lessor maintains equipment and there is not cancellation clause.
• E) fully amortized, lessee maintain equipment and lessee can acquire assets at end of lease for fair market value.

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Definitions:

Personality Traits

Enduring characteristics that describe an individual's behavior, attitude, and emotions.

Experience of Stress

The physical or psychological response to internal or external pressures or demands.

Type A Personality

characterizes individuals who are competitive, highly organized, ambitious, impatient, highly aware of time management, and potentially aggressive.

Role Overload

The requirement for too many tasks to be performed in too short a time period or to work too many hours.