What Are the Basic Type of Leases Available to Businesses

question 93

Multiple Choice

What are the basic type of leases available to businesses?

• A) operating leases
• B) financial leases
• C) capital leases
• D) all of the above

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Definitions:

Serfdom

A condition of bondage or modified slavery in which an individual is tied to owning land and owes service and labour to the landowner.

Unpopulated Parts

Areas or regions that are not inhabited by people.

Taxed

The imposition of financial charges or levies upon an individual or an entity by a governing body in order to fund public expenditures.

Canon Law

A set of ecclesiastical laws, regulations, and principles set by ecclesiastic authority (for example, the Church) for its government.