Which Type of Organization Are Xerox and IBM Good Examples

question 42

Multiple Choice

Which type of organization are Xerox and IBM good examples of?

• A)firms specializing in lease financing
• B)firms using only leases for asset financing
• C)manufacturers of items that are financed exclusively by firms specializing in lease financing
• D)manufacturers providing lease financing as part of their regular sales effort

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Definitions:

GAAP

Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.

Operating Segment

A distinct part of a business that engages in business activities which earn revenues, incur expenses, and is regularly reviewed by management.

Chief Operating Officer

A senior executive tasked with overseeing the day-to-day administrative and operational functions of a company.

Revenues

The income that a business receives from its normal business activities, typically from the sale of goods and services to customers.