In Order to Maintain a Positive Self-Concept, We Engage in Impression

question 54

Essay

In order to maintain a positive self-concept, we engage in impression management. Describe three of the five impression management strategies we use to make ourselves look good and explain what can happen if we use them inappropriately.

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Definitions:

Operating Leases

Lease agreements that allow for the use of an asset but do not convey rights of ownership, typically involving shorter-term leases with lower payments.

Financial Leases

Long-term leases that are effectively a method of borrowing to acquire equipment or vehicles, with lessee payments covering the asset's full value plus interest over the lease term.

Tax-Oriented Lease

This is a leasing arrangement in which the lessor retains ownership of the asset and enjoys tax advantages, such as deductions for depreciation, while the lessee benefits from using the asset.

Third-Party Lease

A contractual agreement where an outside party becomes the lessor, leasing assets or property to the primary party, commonly utilized in equipment and property rentals.