Entrepreneurship Quiz 2
which of the following is not a type of innovation
adaptation
the entrepreneur becomes creative by
all of the above ( recognize that problems are to solutions what demand is to supply, turns problems into opportunities, seeking out unique opportunities to fill needs and wants)
which statement is true about fads?
fun, but no lasting impact on society
the unethical practice of "cooking the books" is an ethical issue affecting
shareholders and investors
what are the four sectors we look to for the seed of a fad or trend
social, technology, economic and governmental
the combination of existing concepts and factors into a new formulation would define which of the following terms
synthesis
product design reliability and safety are all examples of
technical feasibility
creativity to the entrepreneur is:
the generation of ideas that results in the improved efficiency or effectiveness of a system
which of the following is not a source of innovative ideas for entrepreneurs
are there no other alternatives to a problem?
when entrepreneurs rely on existing solutions, techniques, or products to try to do things better, they are utilizing what type of creative process?
adaptive
during the evaluation/implementation phase of the creative process, a great deal of ________ is needed?
all of the above ( perseverance, self discipline, courage)
successful entrepreneurs are able to identify & implement ideas that:
are workable & that they have the skills to implement
why do we need ethics?
it is our means of deciding a course of action
information has always been plentiful and the need to access sufficient amounts of it led to established libraries, such as the famed library of alexandria and more recently the new York public library. the creation of the world wide web gave rise to a search engines like good. the creation of search engines is an example of what?
industry and market changes
aging demographics indicate which type of trend
societal
which of the following is not a principle of innovation
start big
which of the statements is true about creativity?
people can learn to be creative
most innovations result from
a conscious and purposeful search for new opportunities
ethics is defined as
a set of moral principles & values that defines right and wrong
a code of ethics is:
a written statement of ethical practices or guidelines to which an entity adheres
code of ethics issues that impact society may include
environmental issues, political issues, and social responsibilities
code of ethics issues that impact employees may include
honesty, health & safety, harassment, discrimination, drug screenings
the phase of the creative process when the idea or solution the individual is seeking is discovered is referred to as
idea experience
the incubation process involves which of the following
letting the subconscious work
which of the following is not a method of generating new ideas
mindtapping
which of the following is not an impediment to creativity
problem thinking
code of ethics issues that impact customers may include
product quality, product safety, truth in advertising, aggressive credit collections
business ethics is defined as
proper business policies & practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibility
which statement is true about fads
fun, but no lasting impact on society
which of the following ethical rationalizations are used to justify questionable conduct
all of the above ( the act is in the individuals or the firms best interest, the act will never be found out, the act is not "really" illegal or immoral)
