Which of the Following Is Not a Typical Characteristic of a Finance

question 13

Multiple Choice

Which of the following is not a typical characteristic of a finance lease?

• A) It is usually for periods up to five years
• B) The lessee assumes most of the risks and benefits associated with ownership of the asset
• C) It is an alternative means of financing the purchase of an asset
• D) It requires a substantial 'up-front' payment by the lessee

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Definitions:

Value Chain Management

An approach that focuses on maximising value creation and competitive advantage by effectively managing the flow of goods, information, and collaboration across all the business processes and functions.

Total Quality Management

A comprehensive approach to long-term success that views continuous improvement in all aspects of an organization's operations as a process and not as a short-term goal.

Governmental Regulatory Agencies

Official organizations responsible for creating and enforcing rules and regulations to protect public interest in various sectors such as finance, health, and the environment.

Benchmarking

A process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.