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Customer Relationship Management Systems Help Firms to Simplify Complex Business

question 43

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Customer relationship management systems help firms to simplify complex business processes.


Definitions:

Business Entity Assumption

An accounting principle that treats a business as separate from its owner or any other business.

Business Entities

Business entities refer to legally recognized organizations designed to provide goods or services.

Owners

Owners are individuals or entities that hold legal title to assets, businesses, or property.

Business Entity Principle

The accounting concept that separates the transactions of a business from those of its owners or other businesses.

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