Vanessa Is the Only Person Who Fully Understands the New

question 100

Multiple Choice

Vanessa is the only person who fully understands the new computer network in the office.Whenever someone has questions,they ask her.Vanessa has ________ power.

• A)legitimate
• B)reward
• C)referent
• D)expert

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Definitions:

Executory Costs

Expenses incurred in maintaining the terms of a lease, typically including insurance, maintenance, and taxes paid by the lessee.

Guaranteed Residual Value

The assured value that an asset will have at the end of its lease term, guaranteed by a party, often the lessee or manufacturer.

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at a price significantly below its fair market value at the end of the lease term.

Capital Lease Obligation

A financial commitment that a lessee must recognize on their balance sheet for a lease considered a purchase of an asset rather than a rental, due to its terms meeting certain criteria.