Lease Standardization Helps Justify Leasing Because

question 50

Multiple Choice

Lease standardization helps justify leasing because:

• A)it makes all lessors pay the same lease payments.
• B)it lowers costs through standardized leased asset and security evaluations.
• C)it makes it possible for lessors to investigate lessees more thoroughly.
• D)it helps lessees to select similar assets.

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Definitions:

Nonconforming

The act or condition of not adhering to a traditional norm or standard.

Big Five Traits

The Big Five traits are a model in psychology that outlines five broad dimensions of personality: openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism.

Acronym

A word formed from the initial letters of other words, used as a shorthand or abbreviation (e.g., NASA for National Aeronautics and Space Administration).

OCEAN

An acronym for the Big Five personality traits model: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.