Question

Expenses obtained from the producers was called rent true or false
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Answer 1

The above statement is false.

Explanation:

• In the field of business, rent is referred to as a payment which is made when a person uses the property of another person i.e the producer.

• Hence, rent is the money that is paid by the consumer and not the producer.

• Rent is the money paid by the tenant to a landlord in return of the property or land that is used by the tenant.

Answer 2

Answer:

The above statement is false.

Explanation:

In the field of business, rent is referred to as a payment which is made when a person uses the property of another person i.e the producer.

Hence, rent is the money that is paid by the consumer and not the producer.

Rent is the money paid by the tenant to a landlord in return of the property or land that is used by the tenant.

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