Lease standardization helps justify leasing because:
A)It makes all lessors pay the same lease payments
B)It lowers costs through standardized leased asset and security evaluations
C)It makes it possible for lessors to investigate lessees more thoroughly
D)It helps lessees to select similar assets

Question

Quizplus · Accepted Answer

Lease standardization helps to lower costs through standardized leased asset and security evaluations. This means that lessors have a standardized way to evaluate the leased asset and determine its value, which can help reduce negotiation and transaction costs. Additionally, standardized security evaluations can help reduce the risk of default and financial loss for both lessors and lessees.

Lease Standardization Helps Justify Leasing Because