Which Is Not an Example of Being Frugal

question 4

Multiple Choice

Which is not an example of being frugal?

• A)Buying a used car
• B)Hiring someone to paint your living room
• C)Buying the things you need
• D)All of the options are correct.

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Definitions:

Operating Lease

A lease agreement allowing a company to use an asset without the risks of ownership, like an asset's obsolescence.

Lessee

The party in a lease agreement who receives the right to use an asset from the lessor in exchange for payment.

Lessor

An entity or individual that leases an asset to a lessee, retaining ownership of the asset while granting usage rights for a specified period under agreed conditions.

Lessee

The party that is granted the right to use an asset for a specified period through a lease agreement.