Which of the Following Is a Characteristic of a True

question 30

Multiple Choice

Which of the following is a characteristic of a true lease?

• A)The presence of a provision for the transfer of the title to the lessee
• B)The presence of interest as a factor in rental charges
• C)Rental charges that are competitive with those charged by other lessors of similar equipment
• D)The assumption of the risk of loss by the lessee

---

Definitions:

Microprocessors

Small electronic components that serve as the central processing unit (CPU) in computers, interpreting and executing program instructions.

Vacuum Tubes

Electronic components used in the early 20th century for amplification, switching, and signal modulation, before the advent of semiconductors.

Auto Industry

This refers to the sector of the economy that designs, develops, manufactures, markets, and sells motor vehicles.

Public Domain

Refers to creative works that have no exclusive intellectual property rights. These works are available for public use without the need to obtain permission or pay royalties.