Omega Leased a Machine for a Ten-Year Non-Cancelable Term

question 211

Multiple Choice

Omega leased a machine for a ten-year non-cancelable term. At the end of the ten-year term, Omega has five consecutive one-year renewal options. A replacement machine can be acquired at the end of the term for the leased machine, but due to an expensive installation process and Omega's lease term for its store, Omega expects to lease the machine for 12 years. What is the lease term?

• A) 10 years
• B) 11 years
• C) 12 years
• D) 15 years

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Definitions:

Ruffini End Organs

Sensory receptors within the skin that respond to stretch and twisting, contributing to the sense of body position and touch.

Merkel Disks

Specialized nerve endings in the skin that respond to light touch, contributing to the sensation of texture and pressure.

Meissner Corpuscles

Special nerve cells located in the skin that detect sensations of gentle touch.

Temperature Perception

The sensory detection and interpretation of changes in external and internal temperature by the body.