5 Which of the following statements is true regarding leasing? Select one The lessor transfers ownership of the property in exchange for a lump-sum payment. b. It is a comparitively high-risk and high-cost method of entering a foreign market c. A major advantage for the lessor firm in the ability to gain quick access to target markets, while putting assets to use in earning profits d. It is an arrangement in which a contractor supplies managerialow how to operate a hotel, hospital airport, or other facility in exchange for compensation In a licensing agreement, the licensee provides the right to use its operating business plan and trademarks. Select one: True False