Which of the Following Statements Is FALSE

question 27

Multiple Choice

Which of the following statements is FALSE?

• A)In a direct lease,the lessor is the manufacturer (or a primary dealer)of the asset.
• B)The lease specifies any cancellation provisions,the options for renewal and purchase,and the obligations for maintenance and related servicing costs.
• C)If a firm already owns an asset it would prefer to lease,it can arrange a sale and leaseback transaction.
• D)With many leases,the lessor provides the initial capital necessary to purchase the asset,and then receives and retains the lease payments.

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Definitions:

Behavioral Contrast

A phenomenon where the rate of response to a stimulus changes significantly when the conditions of reinforcement for another stimulus are altered.

Higher-order Conditioning

A form of learning in which a stimulus is first made meaningful or consequential for an organism through an initial step of learning, and then that stimulus is used as a basis for learning about some new stimulus.

Disinhibition

The reduction of inhibition, leading to an increase in spontaneous and unrestrained behavior, often as an effect of alcohol or neural damage.

Sensitization

An increased reaction to a stimulus following its repeated presentation, often observed in allergic reactions or in response to drugs.