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Which of the following is NOT part of the organisation's external environment?
Operating Lease
A lease agreement allowing a business to use an asset without ownership, often with lower payments and shorter terms than a finance lease.
Capital Lease
A lease agreement that is classified as a purchase by the lessee due to its terms closely mirroring the acquisition of an asset.
Preferred Stock
Preferred stock represents a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often receiving dividends before common shareholders.
Common Stock
A type of security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits through dividends.
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