Which One of the Following Is a Valid Statement About

question 62

Multiple Choice

Which one of the following is a valid statement about leasing in Canada?

• A)less than 5% of machinery and equipment in Canada is leased.
• B)lessors prefer to keep equipment at the end of a lease in order to lease it again.
• C)lessees typically purchase the asset at the end of the lease.
• D)operating leases are particularly useful in the long term.

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Definitions:

Foot-In-The-Door Technique

Asking for a small commitment and, after gaining compliance, asking for a bigger commitment.

Foot-In-The-Door Phenomenon

The foot-in-the-door phenomenon is a psychological tactic where agreeing to a small request increases the likelihood of agreeing to a larger request later.

Telemarketers

Individuals who make sales or marketing calls, typically unsolicited, to potential customers over the phone.

Consumer Psychology

Branch of psychology that studies the habits of consumers in the marketplace.