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According to the "Spotlight on Small Business" Box in Chapter

question 188

True/False

According to the "Spotlight on Small Business" box in Chapter 20, as a result of the recent recession, banks have become much more lenient in their lending policies.


Definitions:

Reportable Segment

A component of an enterprise that is distinguished by business activities, geographical areas, or products and services, requiring separate financial disclosure under accounting standards.

Revenue

The total income generated by a company from its normal business operations, before any expenses are deducted.

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