Final answer:
A lease agreement is a rental contract that allows businesses to use office equipment for regular payments without buying them outright, offering financial and technological flexibility.
Step-by-step explanation:
A lease agreement is an option for renting office equipment instead of purchasing equipment outright. This kind of agreement allows a business to use equipment, such as copiers, computers, or furniture, for a specified period, in exchange for regular payments. These payments are generally more affordable in the short term compared to buying equipment, allowing businesses to conserve cash flow and adapt more easily to advancements in technology by upgrading equipment at the end of the lease term.
The correct answer is A. Lease agreement. A lease agreement is an option for renting office equipment instead of purchasing equipment outright. In a lease agreement, the lessee (the person renting the equipment) pays the lessor (the equipment owner) regular payments in exchange for the use of the equipment for a specified period of time. At the end of the lease term, the lessee can usually choose to return the equipment, extend the lease, or purchase the equipment at a discounted price.