Two Basic Types of Lease Agreements for Private Trucking Are

question 13

Multiple Choice

Two basic types of lease agreements for private trucking are:

• A) Full service and finance
• B) Low interest and high interest
• C) Cost and direct
• D) Working and renting

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Definitions:

Preferred Stock

Preferred Stock represents a class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often including fixed dividends.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation and a claim on part of the company's profits.

Fair Market Value

The cost at which a property would be exchanged in a competitive bidding environment.

Incorporation Services

Services offered by certain companies or legal entities that assist individuals or other entities in forming a corporation.