In General,which Statement Is Correct

question 32

Multiple Choice

In general,which statement is correct?

• A) Lessees prefer finance leases.
• B) Lessees prefer operating leases.
• C) Operating leases are more favourable to the lessor in the short term.
• D) Finance leases are more favourable to the lessee in the short term.

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Definitions:

Steam Engine

An engine that uses steam, produced by boiling water, to generate mechanical power, a key innovation of the Industrial Revolution.

Industrial Revolution

The transition to new manufacturing processes in the period from about 1760 to between 1820 and 1840, which involved the move from hand production methods to machines and the rise of factory systems.

Spinning Jenny

An innovation in textile manufacturing that allowed a single worker to spin multiple spools of yarn simultaneously, significantly increasing productivity.

Peasants

Historically, members of the lowest class in many societies, especially those who worked the land, either as small farmers or as laborers with few rights and low social status.