The Inuit Headman Often Assumes Power Through Which of the Following

question 81

Multiple Choice

The Inuit headman often assumes power through which of the following?

• A)by election,or another formal political process
• B)on the amount of goods accumulated
• C)when others accept his judgment and opinions.
• D)hereditary factors (power passed down by father)

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Definitions:

Lessee

An individual or entity that leases an asset from another, the lessor, under the terms of a lease agreement.

Lease Agreement

A contract between two parties where one, the lessor, provides an asset for use to the other, the lessee, for a specific period in exchange for periodic payments.

Financial Leases

Long-term leases that transfer substantially all the risks and rewards of ownership of the asset to the lessee, similar to finance purchases.

Financial Lease

A type of lease in which the lessee has use of the asset for most of its useful life and the lease payments cover the full cost of the asset, effectively transferring the risks and rewards of ownership.