A Lease Where the Lessee Has the Option to Purchase

question 36

Multiple Choice

A lease where the lessee has the option to purchase the asset at the end of the lease for a set price that is set upfront in the lease contract is called a:

• A)fixed price lease.
• B)$1.00 out lease.
• C)fair market value lease.
• D)fair market value cap lease.
• E)synthetic lease.

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Definitions:

Interactional Justice

The perception of fairness in interpersonal interactions, especially in terms of how decisions and information are communicated.

Restorative Justice

A system of criminal justice that focuses on the rehabilitation of offenders through reconciliation with victims and the community at large.

Distributive Justice

An ethical principle concerning the fair and equitable allocation of resources and benefits among all members of a society.

Progressive Discipline

A method of dealing with job performance problems that escalates through a series of steps, from verbal warnings to written warnings to suspension and, finally, termination.