What Is the Meaning of "Minimum Lease Payments

question 57

Multiple Choice

What is the meaning of "minimum lease payments"?

• A)Payments over the lease term including executory costs.
• B)Payments over the lease term excluding executory costs.
• C)Payments over the lease term until the bargain purchase option is exercised.
• D)Payments over the lease term until guaranteed residual value is received.

---

Definitions:

Cognitive Dissonance

A psychological discomfort experienced when holding contradictory beliefs or values, or when behavior and beliefs do not align, often leading to a change in beliefs or behaviors to reduce the dissonance.

Small Amount

A quantity that is less than average or nominal, often referring to a minimal or insignificant portion of something.

Opinion

A belief or judgment that rests on grounds insufficient to produce complete certainty.

Cognitive Dissonance

The discomfort in one's mind arising when an individual simultaneously holds multiple conflicting beliefs, ideas, or values.