For which of the following reasons would a business prefer to lease real estate rather than own it?

I. If the business does not require specialized or unique facilities

II. Leasing allows the business to benefit from depreciation allowances

III. Leasing provides diversification from core business

IV. The capital commitments with leasing are generally lower than the capital commitments associated with owning:

(a) (I) and (IV) only

(b) (II) and (III) only

(c) (I), (II), and (III) only

(d) (I), (II), (III), and (IV)