Which of the Following Is Not True About Financial Leases

question 28

Multiple Choice

Which of the following is not true about financial leases and the firms that use them?

• A) Primary motivation is to obtain financial benefits
• B) Usually they are long term
• C) Most often used when firm wants freedom/flexibility
• D) Length is usually shorter than the life of the equipment
• E) Many financial leases are non-cancelable

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Definitions:

Stimulation

The activity of encouraging or arousing interest or enthusiasm in a person or bodily organ.

Sharing

The act of dividing and distributing resources or experiences among individuals or groups.

Plagiarism

The practice of taking someone else's work or ideas and passing them off as one's own.

Service Learning

A teaching and learning strategy that integrates meaningful community service with instruction and reflection to enrich the learning experience, teach civic responsibility, and strengthen communities.