Which of the Following Statements Is FALSE

question 27

Multiple Choice

Which of the following statements is FALSE?

• A)In a direct lease,the lessor is the manufacturer (or a primary dealer)of the asset.
• B)The lease specifies any cancellation provisions,the options for renewal and purchase,and the obligations for maintenance and related servicing costs.
• C)If a firm already owns an asset it would prefer to lease,it can arrange a sale and leaseback transaction.
• D)With many leases,the lessor provides the initial capital necessary to purchase the asset,and then receives and retains the lease payments.

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Definitions:

Occupational Accidents

Unplanned events that occur during the course of work, resulting in injury, illness, or damage.

Productivity

The efficiency with which an individual, organization, or economy converts inputs into useful outputs.

Stress-Related Illnesses

Health issues directly influenced or exacerbated by stress, including mental and physical conditions.

Occupational Safety and Health Act

A law passed to ensure worker and workplace safety by setting and enforcing standards; oversees occupational health and safety in the United States.