Pita Pub Leased a Specialty Machine for a Five-Year Non-Cancelable

question 160

Multiple Choice

Pita Pub leased a specialty machine for a five-year non-cancelable term. At the end of the five-year term, Pita Pub has four consecutive one-year renewal options. A replacement machine can be acquired, but due to an expensive installation process and Pita Pub's lease term for its mall location, Pita Pub expects to lease the machine for seven years. What is the lease term?

• A) 5 years
• B) 6 years
• C) 7 years
• D) 9 years

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Definitions:

Substitute Teacher

An educator who fills in for regular teachers when they are absent, ensuring continuity of instruction.

Range

The measure of the extent to which data values in a dataset vary between its maximum and minimum values.

Test Scores

Quantitative measures intended to evaluate the knowledge, skills, aptitudes, or classifications of individuals or groups in various subjects or areas.

Interquartile Range

The difference between the upper and lower quartiles in a data set, measuring the spread of the middle half of the data points.