Which of the Following Statements Is False

question 18

Multiple Choice

Which of the following statements is false?

• A) In a leveraged lease the lessor borrows from a bank or other lender to obtain the initial capital for the purchase, using the lease payments to pay interest and principal on the loan.
• B) In some circumstances, the lessor is not an independent company but rather a separate business partnership, called a special-purpose entity (SPE), which is created by the lessee for the sole purpose of obtaining the lease.
• C) In a direct lease, the lessor is not the manufacturer, but is often an independent company that specializes in purchasing assets and leasing them to customers.
• D) SPEs are commonly used in synthetic leases, which are designed to obtain specific accounting and tax treatment.

---

Definitions:

Tactile Hallucinations

False perceptions of touch or bodily sensations, often experienced without external stimuli, commonly associated with certain mental disorders.

Neuropsychological Battery

A comprehensive assessment using a series of tests to measure cognitive function and brain behavior relationships, often following brain injury or neurological disease.

Diagnosis

The identification of the nature of an illness or other problem by examination of the symptoms.

Validity

The extent to which a test, tool, or research study measures what it purports to measure.