An Operating Lease's Primary Characteristics Are

question 35

Multiple Choice

An operating lease's primary characteristics are:

• A)fully amortized, lessee maintains equipment and there is no cancellation clause.
• B)not fully amortized, lessor maintains equipment and there is a cancellation clause.
• C)fully amortized, lessor maintains equipment and there is a cancellation clause.
• D)not fully amortized, lessor maintains equipment and there is not cancellation clause.
• E)fully amortized, lessee maintains equipment and lessee can acquire assets at end of lease for fair market value.

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Definitions:

First Nations Children

The young members of the First Nations, the various Aboriginal peoples in Canada who are neither Inuit nor Métis, often focusing on their rights, well-being, and cultural heritage.

Proletariat

The workers.

Bourgeoisie

A social class characterized by their ownership of capital and their related economic, social, and cultural dominance.

Social Inequality

The uneven distribution of resources, opportunities, and privileges among different social groups, leading to disparities in wealth, power, and quality of life.