Financial Leases Are a Source of Financing in the Sense

question 61

Multiple Choice

Financial leases are a source of financing in the sense that:

• A)the lessor must find a source of financing to buy the asset.
• B)the lessee must borrow money for his first lease payment.
• C)the lessee avoids buying, but gets the use of the asset through financing.
• D)the lessor can use the lease payments as collateral to borrow.

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Definitions:

Computer System

An integrated setup that includes hardware, software, data, and procedures to perform information processing tasks.

Hacker

An individual who uses their technical skills to gain unauthorized access to computer systems, often for malicious purposes.

Federal Statutes

Laws passed by the United States Congress and signed by the president.

Threatens

Involves expressing an intention to cause pain, injury, damage, or other hostile action on someone in retribution for something done or not done.