Organizational Buyers Are Most Accurately Described As

question 62

Multiple Choice

Organizational buyers are most accurately described as:

• A)buyers of high cost items.
• B)buyers of household items.
• C)manufacturers, retailers, or government agencies buying for their own use or resale.
• D)any individual or group making a purchase worth over $100,000.

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Definitions:

CCA Class

Capital Cost Allowance Class, categories used in Canadian tax law for determining the depreciation rate for tax purposes on assets.

Intermodal Transportation

The use of two or more modes of transportation in moving goods from origin to destination.

Operating Lease

A lease agreement that allows for the use of an asset but does not convey rights of ownership, typically used for short-term leases.

Lessor

The party in a lease agreement who owns the asset and grants the lessee the right to use the asset in exchange for rental payments.