Question 1

Shifts in consumer tastes and attitudes are an example of

Accepted Answer

A)  a infeasible opportunity. 
B)  industry and market changes. 
C)  the fickle consumer. 
D)  problems for the entrepreneur. 
A)  a infeasible opportunity. 
B)  industry and market changes. 
C)  the fickle consumer. 
D)  problems for the entrepreneur. B

Question 2

Creativity is most likely to occur when the "climate" is right. The text listed several important characteristics of this climate. What is the right climate?

Accepted Answer

It is a climate where communication flows between a variety of people and fear of management is rare or nonexistent. This environment displays a willingness to change and rewards innovation.

Question 3

Most innovations result from a conscious and purposeful search for new opportunities.

Accepted Answer

A) True 
 B)False  True

Question 4

Most innovations result from

Accepted Answer

A)  the total genius of inventors. 
B)  a conscious and purposeful search for new opportunities. 
C)  lucky guesses. 
D)  the subconscious adaptation to reality. 
A)  the total genius of inventors. 
B)  a conscious and purposeful search for new opportunities. 
C)  lucky guesses. 
D)  the subconscious adaptation to reality.

Question 5

The idea experience phase of the creative process is often the least interesting part of the process.

Accepted Answer

A) True 
 B)False

Question 6

Only new patterns of thinking lead to new ideas and innovation.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following questions concerning innovation is not relevant?

Accepted Answer

A)  "What is the problem?" 
B)  "Whom does it affect?" 
C)  "What costs are involved?" 
D)  "When should the product goes to market?" 
A)  "What is the problem?" 
B)  "Whom does it affect?" 
C)  "What costs are involved?" 
D)  "When should the product goes to market?"

Question 8

Creativity is most likely to occur when the "climate" is right. What is a characteristic of that climate in the workplace?

Accepted Answer

A)  willingness to avoid change 
B)  employees with similar work habits 
C)  trustful management that does not exert strict control over employees 
D)  strict management rules 
A)  willingness to avoid change 
B)  employees with similar work habits 
C)  trustful management that does not exert strict control over employees 
D)  strict management rules

Question 9

The phase of the creative process when the idea or solution the individual is seeking is discovered is the

Accepted Answer

A)  background or knowledge accumulation. 
B)  incubation process. 
C)  idea experience. 
D)  evaluation and implementation. 
A)  background or knowledge accumulation. 
B)  incubation process. 
C)  idea experience. 
D)  evaluation and implementation.

Question 10

Which of the following mental habits inhibit creativity and innovation?

Accepted Answer

A)  either/or thinking, stereotyping 
B)  functional perspective, mind-sets 
C)  security hunting, risks 
D)  stereotyping, incubation 
A)  either/or thinking, stereotyping 
B)  functional perspective, mind-sets 
C)  security hunting, risks 
D)  stereotyping, incubation

Question 11

All of the following are characteristics of a creative climate except

Accepted Answer

A)  a large variety of personality types. 
B)  an enjoyment in experimenting with new ideas. 
C)  restricted communication with outsiders. 
D)  a willingness to accept change. 
A)  a large variety of personality types. 
B)  an enjoyment in experimenting with new ideas. 
C)  restricted communication with outsiders. 
D)  a willingness to accept change.

Question 12

The innovation process allows creative people to subconsciously mull over the information they have gathered.

Accepted Answer

A) True 
 B)False

Question 13

The four phases in the creative process in order are

Accepted Answer

A)  background or knowledge accumulation, incubation, idea experience, and evaluation and implementation. 
B)  idea experience, background or knowledge accumulation, incubation, and evaluation and implementation. 
C)  incubation, background or knowledge accumulation, idea experience, and evaluation and implementation. 
D)  evaluation and implementation, idea experience, incubation, and background or knowledge accumulation. 
A)  background or knowledge accumulation, incubation, idea experience, and evaluation and implementation. 
B)  idea experience, background or knowledge accumulation, incubation, and evaluation and implementation. 
C)  incubation, background or knowledge accumulation, idea experience, and evaluation and implementation. 
D)  evaluation and implementation, idea experience, incubation, and background or knowledge accumulation.

Question 14

Which of the following statements is True?

Accepted Answer

A)  Successful innovations are clear and focused. 
B)  Successful innovations are directed toward unclear applications. 
C)  Most successful innovations are detailed and ambiguous. 
D)  Successful innovations are profit motivated. 
A)  Successful innovations are clear and focused. 
B)  Successful innovations are directed toward unclear applications. 
C)  Most successful innovations are detailed and ambiguous. 
D)  Successful innovations are profit motivated.

Question 15

Which of the following is considered a myth of innovation?

Accepted Answer

A)  Creativity relies on blue sky ideas. 
B)  Small projects develop into successful innovations. 
C)  Innovations are unpredictable. 
D)  Creativity can be learned. 
A)  Creativity relies on blue sky ideas. 
B)  Small projects develop into successful innovations. 
C)  Innovations are unpredictable. 
D)  Creativity can be learned.

Question 16

One way to develop a creative mind is to

Accepted Answer

A)  read a variety of textbooks on entrepreneurship. 
B)  be lucky enough to have musical parents. 
C)  observe other entrepreneurs. 
D)  pretend you are already creative. 
A)  read a variety of textbooks on entrepreneurship. 
B)  be lucky enough to have musical parents. 
C)  observe other entrepreneurs. 
D)  pretend you are already creative.

Question 17

Which of the following terms would be associated with the left hemisphere of the brain?

Accepted Answer

A)  nonrational 
B)  nonverbal 
C)  abstract 
D)  imagining 
A)  nonrational 
B)  nonverbal 
C)  abstract 
D)  imagining

Question 18

Security hunting is

Accepted Answer

A)  looking for a safe place to sleep. 
B)  trying to make the right decision or take the correct action. 
C)  taking no action that involves risk. 
D)  adding a firewall to your computer system. 
A)  looking for a safe place to sleep. 
B)  trying to make the right decision or take the correct action. 
C)  taking no action that involves risk. 
D)  adding a firewall to your computer system.

Question 19

Which of the following is a characteristic of creative people?

Accepted Answer

A)  bright but not necessarily brilliant 
B)  poor image of themselves 
C)  rigid and dogmatic 
D)  unmotivated by challenging problems 
A)  bright but not necessarily brilliant 
B)  poor image of themselves 
C)  rigid and dogmatic 
D)  unmotivated by challenging problems

Question 20

Process needs

Accepted Answer

A)  exist when and entrepreneur can meet a new source of demand. 
B)  exist to satisfy government regulations. 
C)  exist when a venture capitalist provides money only for a project filling its needs. 
D)  exist when the economy suffers a downturn. 
A)  exist when and entrepreneur can meet a new source of demand. 
B)  exist to satisfy government regulations. 
C)  exist when a venture capitalist provides money only for a project filling its needs. 
D)  exist when the economy suffers a downturn.

Shifts in consumer tastes and attitudes are an example of

Creativity is most likely to occur when the "climate" is right. The text listed several important characteristics of this climate. What is the right climate?

Most innovations result from a conscious and purposeful search for new opportunities.

Most innovations result from

The idea experience phase of the creative process is often the least interesting part of the process.

Only new patterns of thinking lead to new ideas and innovation.

Which of the following questions concerning innovation is not relevant?

Creativity is most likely to occur when the "climate" is right. What is a characteristic of that climate in the workplace?

The phase of the creative process when the idea or solution the individual is seeking is discovered is the

Which of the following mental habits inhibit creativity and innovation?

All of the following are characteristics of a creative climate except

The innovation process allows creative people to subconsciously mull over the information they have gathered.

The four phases in the creative process in order are

Which of the following statements is True?

Which of the following is considered a myth of innovation?

One way to develop a creative mind is to

Which of the following terms would be associated with the left hemisphere of the brain?

Security hunting is

Which of the following is a characteristic of creative people?

Process needs

Entrepreneurship: Evolutionary Development-Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters

Exam 5: Innovation: The Creative Pursuit of Ideas

Shifts in consumer tastes and attitudes are an example of

Creativity is most likely to occur when the "climate" is right. The text listed several important characteristics of this climate. What is the right climate?

Most innovations result from a conscious and purposeful search for new opportunities.

Most innovations result from

The idea experience phase of the creative process is often the least interesting part of the process.

Only new patterns of thinking lead to new ideas and innovation.

Which of the following questions concerning innovation is not relevant?

Creativity is most likely to occur when the "climate" is right. What is a characteristic of that climate in the workplace?

The phase of the creative process when the idea or solution the individual is seeking is discovered is the

Which of the following mental habits inhibit creativity and innovation?

All of the following are characteristics of a creative climate except

The innovation process allows creative people to subconsciously mull over the information they have gathered.

The four phases in the creative process in order are

Which of the following statements is True?

Which of the following is considered a myth of innovation?

One way to develop a creative mind is to

Which of the following terms would be associated with the left hemisphere of the brain?

Security hunting is

Which of the following is a characteristic of creative people?

Process needs

Entrepreneurship: Evolutionary Development-Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters