Operating Leases Often Have Terms That Include

question 21

Multiple Choice

Operating leases often have terms that include

• A) full amortization over the life of the lease.
• B) very high penalties if the lease is canceled.
• C) restrictions on how much the leased property can be used.
• D) much longer lease periods than for most financial leases.
• E) maintenance of the equipment by the lessor.

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Definitions:

Radical Behaviourism

A school of psychology that emphasizes the study of observable behavior and the role of the environment as a determinant of behavior.

Mechanistic

Pertaining to the theory or approach that interprets the functioning of a complex system as if it were a machine or as being governed by predictable and explainable processes.

Response Tendencies

Patterns of behavior that an individual exhibits in response to a specific stimulus or situation.

B. F. Skinner

An American psychologist and behaviorist known for his work on operant conditioning and his development of the theory of behaviorism.