Legitimacy of an Innovation Refers to the Legality of Its

question 33

True/False

Legitimacy of an innovation refers to the legality of its channels of distribution.

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Definitions:

Accounts Payable

Liabilities representing amounts owed by an entity to suppliers or creditors for goods and services received but not yet paid for.

Fees Earned

Revenue generated from providing services, as opposed to selling goods.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or funds obtained from special financing sources.

Debits

Accounting entries that increase assets or expense accounts, or decrease liability, equity, or revenue accounts.