Entrepreneurship: Quiz #2

Which of the following is not a source of innovative ideas for entrepreneurs?

Are there no other alternatives to a problem?

Psy's Gangham Style Music video is an example of a societal acceptance and enjoyment best known as _____________.

Fad

Today we recognize that sanitation is extremely important to maintaining healthy and safe communities. This type of innovation is known as:

Knowledge-Based Concepts

Which of the following statements is true about creativity?

People can learn to be creative

Which of the following is not an impediment to creativity?

Problem Thinking

The COO's unethical behavior was caused by which of the following:

Rationalization that they should earn as much or more than the CEO since they handled the money

Most innovations result from

a conscious & purposeful search for new opportunites

Most Innovations result from

a conscious & purposeful search for new opportunities

Most innovations result from:

a conscious & purposeful search for new opportunities

a code of ethics is:

a written statement of ethical practices or guidelines to which an entity adheres

Which of the following is NOT a type of innovation?

adaptation

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 selections are correct

The entrepreneur becomes creative by:

all of the selections are correct

Which of the following ethical rationalizations are used to justify questionable conduct.

all of the selections are correct

What are the four types of innovation/

invention, extension, synthesis, duplication

The incubation process involves which of the following?

letting the subconscious work

Business ethics is defined as:

proper business policies & practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility & fiduciary responsibilities

A person can develop their own creativity by:

seeing new & different relationships in people, objects & places around them

Aging demographics indicates which type of trend?

societal

Creativity to the Entrepreneur is:

the generation of ideas that results in the improved efficiency or effectiveness of a system

In using the innovative process of creativity, the entrepreneur could do all of the following except:

tends to be means oriented

A bank in a small US town close to the border of Canada read a census report that the number of people who speak French as their first language has gone up 30% in the past 10-years. The bank decides to begin advertising their services in French in an attempt to gain some of the French speaking people in town as patrons. This innovation in doing business was likely caused by

demographic changes unexpected occurences

What statement is true about fads?

fun, but no lasting impact of society

Which statement is true about fads?

fun, but no lasting impact on society

Code of ethics issues that impact employees may include:

honesty, health & safety, harassment, discrimination, & drug screenings

As the population of cars grew there was a shortage of parking area. The smart car, a small car capable of fitting in to tiny spaces was created so that more cars could be fit in to the existing spaces. The smart car really didn't catch on as a solution to the problem. This is an example of what form of innovation?

incongruities

Paintings from antiquity... This is an example of what?

perceptual changes

Factors that influence organizational managerial ethics include:

philosophy of top management, reward systems, & job dimensions

Which of the following is not one of the four phases of the creative process?

post-mortem analysis

The combination of existing concepts & factors into a new formulation would define which the following terms

synthesis

The phase of the creative process when the idea or solution the individual is seeking is discovered is referred to as:

idea experience

Which of the following statements is true about innovation?

innovation blends imaginative and creative thinking with a systematic, logical process in order to recognize and create opportunity where others find only problems

What are the four sectors we look to for the seed of a fad or trend?

societal, technology, economic, and governmental

Which of the following is not a principle of innovation?

start big

Product design, reliability, & safety are all examples of:

technical feasibility

Ethics can be defined as:

A set of principles & values that defines right & wrong

successful entrepreneurs are able to identify & implement ideas that:

are workable & that they have the skills to implement

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 Google.

Industrial & Market Changes

When Henry Ford's decided to switch to a moving assembly line instead of building cars 1 at a time. This is not only simplified vehicle assembly but shortened the time necessary to produce a single vehicle from 12 hours to 90 minutes This is an example of what form of innovation?

Process needs