Innovation Is the Generation of Meaningful Ideas by Individuals or Teams

question 76

True/False

Innovation is the generation of meaningful ideas by individuals or teams and creativity is the creation and development of a new product or service.

---

Definitions:

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, on a company's balance sheet.

Credit

A bookkeeping record that raises either liabilities or equity or lowers an asset or expense.

Abbreviated

Refers to shortened or condensed forms of words, terms, or documents, often used to save space or time.

Revenue Accounts

Accounts used to record the income generated from a company's primary operations.