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When we project our own assumptions about persons from a different culture,we:
Lessee
The party that is granted the right to use an asset for a specified period through a lease agreement.
Lessor
The party that rents out an asset or property to another party, known as the lessee.
Pre-tax Cost
The cost of an investment or financial activity before any taxes are applied.
After-tax Cost
The actual cost of an investment or loan after accounting for the impact of taxes on the return.
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