A Professor Distributes Index Cards to Each Student in His

question 9

Multiple Choice

A professor distributes index cards to each student in his class and asks the students to write down what they think was the most important topic studied so far in the course, what is their favorite color, and what is their favorite type of music. The students do not write their names on the index cards. The professor collects the cards and reads the answers on each card to the class. This survey is considered to be

• A) anonymous.
• B) confidential.
• C) both anonymous and confidential.
• D) neither anonymous nor confidential.

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Definitions:

Salvage Value

The estimated residual value of an asset at the end of its useful life, often considered for depreciation calculations.

Lease Payments

Regular payments made by a lessee to an lessor for the use of an asset over a specified period.

MACRS 3-Year Class

A category used in the Modified Accelerated Cost Recovery System (MACRS) for tax depreciation, covering assets with a useful life of 3 years.

Net Advantage To Leasing

The financial benefit that results from leasing an asset instead of purchasing it, considering all costs and benefits.