The new standard, Revenue from Contracts with Customers, recognizes based on a(n):
(a) Revenue-Expense approach
(b) Liability-Equity approach
(c) Asset-Liability approach
(d) Asset-Equity approach
Ans: (c) Asset-Liability approach
Business
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Which of these statements is true about customer relationship management?
a. It involves linking all processes of the company from its customers through its suppliers. b. It tries to convince potential customers to buy, even if the seller knows that the customer and product are mismatched. c. It is used more by sales-oriented firms than market-oriented firms. d. It is most extensively used by production-oriented firms.
Business
Which of the following policies is not part of the "policy trilemma"?
A) Dollarization B) Free capital mobility C) Fixed exchange rate D) Independent monetary policy
Business