A Salesperson Might Be on a Sales Call and Use

question 47

True/False

A salesperson might be on a sales call and use a mobile app to look up the recent billing history for a particular customer.Or a field service representative on a service call might need to know current availability of various parts in order to fix a piece of machinery.These are examples of mobile CRM and sales force automation.

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Definitions:

GAAP

The standard framework of guidelines for financial accounting that is widely recognized and used in a specific jurisdiction, especially within the United States, known as Generally Accepted Accounting Principles.

IFRS

International Financial Reporting Standards, which are international accounting standards for preparing and presenting financial statements.

U.S. GAAP

A framework of accounting standards, principles, and procedures that companies registered in the United States must follow to report their financial statements, ensuring accurate financial reporting and investor trust.

Treasury Stock

Shares that were issued and subsequently repurchased by the company, reducing the amount of outstanding stock on the open market.