Equipment costing $16000 is purchased by paying $4000 cash and signing a note payable for the remainder. The journal entry should include a: a. credit to Cash.
b. credit to Equipment.
c. credit to Notes Receivable.
d. debit to Notes Payable.

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.