Which of the following organizations was responsible for putting forth the UN Convention for the International Sale of Goods (CISG) and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York Convention)?
a. the World Bank
b. the UN Commission on International Trade Law
c. the International Monetary Fund
d. the World Intellectual Property Organization
b
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A company should only apply the revenue recognition standard to contracts that meet all of the following criteria except
A) the contract has commercial substance. B) collectability of consideration is probable. C) each party's rights regarding goods and services to be transferred are identified. D) the transaction price is fixed and determinable.
Social capital is a source of strength to many firms. Firms leverage their social capital in an effort to create competitive advantages. A firm's social capital is based on
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Indicate whether the statement is true or false