Which of the following best describes the concept of a DHCP lease?

A definition of the scope of addresses is part of the DHCP server configuration (the address pool), not the lease itself which is the assignment.

A reservation is a permanent, static assignment of an IP configuration to a specific device based on its MAC address, which is distinct from a temporary DHCP lease.

A DHCP lease grants a client device a specific IP configuration, including an IP address, subnet mask, default gateway, and DNS server information, for a predetermined period. This temporary assignment allows the DHCP server to reclaim and reassign the IP address once the lease expires if the client does not renew it, efficiently managing the IP address pool.

A translation of network names to IP addresses is the function of DNS (Domain Name System), not DHCP.