Which one is not a characteristics of Little-Mireless (L-M) approach ?

CS Executive · Financial and Strategic Management · PYQS · December 2020
Which one is not a characteristics of Little-Mireless (L-M) approach ?
(A) Domestic currency is used as numeraire
(B) Uncommitted social income is the measurement base
(C) At one place all SCBA objectives are fulfilled
(D) International price is used as numeraire

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Financial Management

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