Which of the Following Driving Mode Selections Is LEAST-Likely to Be

question 19

Multiple Choice

Which of the following driving mode selections is LEAST-Likely to be used on Extended Range Electric Vehicles (EREVs) ?

• A) Economy Mode
• B) Sport Mode
• C) Mountain Mode
• D) Cold Weather Mode

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Definitions:

Implicit Interest Rate

An interest rate inferred from the cost of borrowing, or the return on investment, that is not explicitly stated.

AASB 16

The Australian Accounting Standards Board standard on leases, which outlines the principles for recognition, measurement, presentation, and disclosure of leases.

IFRS 16

The International Financial Reporting Standard dictating lease accounting, requiring lessees to recognize nearly all leases on the balance sheet.

Lease Agreements

Contracts that outline the terms under which one party agrees to rent property owned by another party.