Many Disruptive Firms Were Started by Former Employees of the Disrupted

question 7

True/False

Many disruptive firms were started by former employees of the disrupted giants.

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Definitions:

Accounting Transactions

Economic events that require recording in the financial statements because they affect the assets, liabilities, or equity of a company.

Accounting Records

Documentation and books that keep track of the financial transactions of a business or individual, forming the basis for its financial statements.

Asset

Resources controlled by a business from which future economic benefits are expected to flow to the business, including both physical items and intangible properties.