A Lease Where Ownership of the Asset Transfers to the Lessee

question 7

Multiple Choice

A lease where ownership of the asset transfers to the lessee at the end of the lease for a nominal cost is called a:

• A)fair market value cap lease.
• B)fixed price lease.
• C)$1.00 out lease.
• D)fair market value lease.

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Definitions:

Counting Commands

The act of tallying or enumerating specific instructions given to a computer or device to perform operations.

Exabytes

A unit of information or computer storage equal to one quintillion bytes or approximately a billion gigabytes.

Quintillion Bytes

A unit of digital information storage that equals 10^18 bytes, often referred to as an exabyte.

Cross-tabulation Tables

A type of table in a matrix format that displays the (multivariate) frequency distribution of variables.