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