Which Type of Lease Has a Term Which Is Generally

question 34

Multiple Choice

Which type of lease has a term which is generally shorter than the economic life of the asset being leased?

• A) operating lease
• B) capital lease
• C) financial lease
• D) leveraged lease

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Definitions:

Longer Term Implications

Consequences or effects of actions or decisions that become apparent or have an impact over an extended period.

Organisational Loyalty

The commitment of employees to the goals, values, and success of their organization, often resulting in higher productivity and job satisfaction.

Expense Report

A financial document that details the expenditures incurred during business operations or activities.

Personal Entertainment

Activities or products designed to provide amusement or enjoyment to individuals in their personal time.