Which of the Following Is an Advantage of a Car

question 33

Multiple Choice

Which of the following is an advantage of a car lease?

• A) A large down payment is required.
• B) At the end of the lease, you have no ownership interest in the vehicle.
• C) The capitalized cost is usually higher than the list price.
• D) Monthly lease payments are usually lower than monthly financing payments.
• E) The total cost of a lease may be higher than a purchase.

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Definitions:

Quality

The standard of something as measured against other similar things; a degree or level of excellence.

Business Processes

A set of linked activities or tasks that, once completed, will accomplish an organizational goal.

Functional Departments

Different segments within a company specialized in certain operations or responsibilities such as finance, marketing, or R&D.

External Failure Costs

Costs that are incurred when a product or service that is defective is delivered to a customer.