Advantages of Leasing a Vehicle Include All of the Following

question 62

Multiple Choice

Advantages of leasing a vehicle include all of the following, except

• A) no substantial down payment.
• B) don't have to worry about resale of the car when you are finished with it.
• C) less hassle than purchasing a vehicle.
• D) no maintenance costs.

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Definitions:

Factors Of Production

The inputs used in the creation of goods or services; traditionally includes land, labor, capital, and entrepreneurship.

Capital

Funds or financial assets leveraged by companies to fund their operations and grow their businesses.

Profit

The earnings obtained when the income generated from business operations is higher than the expenses, costs, and taxes required for these operations.

Output Market

Marketplaces where finished goods or services are sold to consumers, as opposed to input markets where raw materials are bought.