The First Airline That Was Able to Allow Passengers to Buy

question 49

True/False

The first airline that was able to allow passengers to buy their plane tickets and reserve their seats online had first-mover advantage.

---

Definitions:

Investments

Assets that are purchased with the expectation that they will generate income or appreciate in the future.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of the firm’s financial condition.

Assets

Resources owned or controlled by a company that are expected to provide future economic benefits, such as cash, inventory, equipment, and real estate.

Accounting Cycle

The full process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements, to closing the accounts.