Which of the following statements is true of leasing?
A) It is an arrangement in which a contractor supplies managerial know-how to operate a hotel, hospital, airport, or other facility in exchange for compensation.
B) The lessor transfers ownership of the property in exchange for a lump-sum payment.
C) It is a high-risk and high-cost method of entering a foreign market.
D) A major advantage for the focal firm is the ability to gain quick access to target markets, while putting assets to use in earning profits.
D
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Most companies begin with an early founding impulse for truth, justice, and the stakeholder way.
a. true b. false
The break-even volume is the point at which ________
A) the total revenue and total costs lines intersect B) demand equals supply C) the production of one more unit will not increase profit D) the company can pay all of its long-term debt E) a firm's profit goal is reached