Podcast
Questions and Answers
Which criteria must suitable asset finance assets satisfy, according to the text?
Which criteria must suitable asset finance assets satisfy, according to the text?
- Dynamic, Intriguing, Meaningful, Strategic
- Distinctive, Inexpensive, Memorable, Strategic
- Durable, Identifiable, Moveable, Saleable (correct)
- Differential, Intuitive, Massive, Simple
What is the significance of ensuring the asset can maintain an anticipated value in asset finance approval?
What is the significance of ensuring the asset can maintain an anticipated value in asset finance approval?
- To cover a residual position (correct)
- To increase operational efficiency
- To reduce maintenance costs
- To speed up the approval process
Why is it important for asset finance providers to know the planned use of the goods?
Why is it important for asset finance providers to know the planned use of the goods?
- To increase their own profits
- To assess the expected duration of use (correct)
- To verify the merchantable quality
- To determine future maintenance costs
What does the mnemonic DIMS stand for in relation to suitable asset finance assets?
What does the mnemonic DIMS stand for in relation to suitable asset finance assets?
How does the useful life expectancy of identical assets put to different uses vary?
How does the useful life expectancy of identical assets put to different uses vary?
What aspect of an asset's life cycle is crucial for asset finance providers to evaluate?
What aspect of an asset's life cycle is crucial for asset finance providers to evaluate?
In asset finance, what does ensuring an asset is moveable imply?
In asset finance, what does ensuring an asset is moveable imply?
Why is it necessary for asset finance assets to be identifiable?
Why is it necessary for asset finance assets to be identifiable?
In asset finance approval, what does 'merchantable quality' primarily refer to?
In asset finance approval, what does 'merchantable quality' primarily refer to?
Why do asset finance providers need to ensure that assets are saleable?
Why do asset finance providers need to ensure that assets are saleable?
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