Lease Financing Is an Example of a Business Financing Need

question 32

True/False

Lease financing is an example of a business financing need not served by most banks.

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Definitions:

Virtualization

The process of creating a virtual version of something, such as a server, storage device, network resources, or an operating system, allowing for more efficient resource management and isolation.

Physical Server

A hardware system designed to run server software and applications, providing computing power and resources in a networked environment.

IaaS

Infrastructure as a Service (IaaS) is a cloud computing model that offers virtual computing resources via the internet.

PaaS

Platform as a Service is a cloud computing model that provides customers with a platform allowing them to develop, run, and manage applications without the complexity of building and maintaining the infrastructure typically associated with developing and launching an app.