Critical Thinking Questions (Multiple Choice) You Need Software to Keep

question 105

Multiple Choice

Critical Thinking questions (Multiple Choice) You need software to keep track of the money flowing in and out of your various accounts. What type of software should you use?

• A) Vertical market software
• B) Groupware
• C) Accounting software
• D) Simulation software

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Definitions:

Finance Lease

A type of lease in which the lessee effectively takes on all the risks and rewards of ownership, though legally the asset remains owned by the lessor.

Lessors

Entities that lease an asset to a lessee, typically retaining ownership of the asset for the duration of the lease agreement.

Market Rent

The average rent that similar properties in the same area are fetching on the open market; used as a benchmark in lease agreements.

Fair Value

The proceeds from selling an asset or the outlay to relocate a liability in a planned interaction among market stakeholders on the benchmark date.