Which of the Following Would Not Be a Characteristic of a Financial

question 50

Multiple Choice

Which of the following would not be a characteristic of a financial lease?

• A) They are not usually fully amortized.
• B) They usually do not have maintenance necessary for the leased assets.
• C) They usually do not include a cancellation option.
• D) The lessee usually has the right to renew the lease at expiration.
• E) All of these are characteristics of financial leases.

Understand the concept of proxemetrics and how interpersonal distance communicates intentions.

Recognize the role of policies, procedures, and reward systems in directing behavior and resolving conflicts.

Understand the definitions and characteristics of different conflict management styles.

Recognize the complexity of conflict resolution and the factors that influence it.

---

Definitions:

Underapplied

A situation where the allocated costs of production are less than the actual costs incurred, leading to a discrepancy in accounting records.

Overapplied

A situation where the allocated manufacturing overhead costs exceed the actual manufacturing overhead costs incurred.

Denominator Activity

The total base activity used to allocate overhead costs in cost accounting, such as total direct labor hours or machine hours available.

Direct Labor-Hours

The total hours worked by employees directly involved in the manufacturing process, used in allocating manufacturing overhead.