Answer: diminish the lessee's risk of obsolescence.

Leasing an asset offers several advantages over purchasing it outright, particularly in reducing the lessee's exposure to risks such as obsolescence. Unlike purchasing, leasing allows the lessee to avoid the long-term commitment and potential depreciation of the asset. Additionally, leases often require minimal or no down payment, making them more accessible than traditional debt financing. The correct answer is **C** because leasing mitigates the risk of obsolescence for the lessee.

Author: LeetQuiz Editorial Team