Probationary Periods Are Only Necessary for Younger, Less Experienced Workers

question 18

True/False

Probationary periods are only necessary for younger, less experienced workers about whom the employer has strong reservations as to whether or not the newly hired worker has the ability to perform the job.

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Definitions:

Tax-Oriented Lease

A financial lease in which the lessor is the owner for tax purposes. Also called a true lease or a tax lease.

Lessor

The party who rents or leases a property or asset to another party, known as the lessee.

Financial Lease

A lease agreement where the lessee assumes most of the risks and rewards of ownership, often with an option to purchase the asset at the end of the lease term.

Operating Lease

A lease agreement allowing a company to use an asset without owning it, typically with shorter terms than a finance lease.