Entrepreneurship Quiz 2

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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)


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