Question 1

Relying on abstractions can

Accepted Answer

A)  limit one's perception of reality. 
B)  do nothing detrimental. 
C)  help in making correct choices. 
D)  add a mathematical element to an idea. 
A)  limit one's perception of reality. 
B)  do nothing detrimental. 
C)  help in making correct choices. 
D)  add a mathematical element to an idea.

Question 2

The innovation process involves only the development of a good idea.

Accepted Answer

A) True 
 B)False

Question 3

A potential entrepreneur needs to realize that

Accepted Answer

A)  there are no principles of innovation. 
B)  principles of innovation can be learned. 
C)  monetary gain is the principal motivator in all innovation. 
D)  profitability is the ultimate key to success. 
A)  there are no principles of innovation. 
B)  principles of innovation can be learned. 
C)  monetary gain is the principal motivator in all innovation. 
D)  profitability is the ultimate key to success.

Question 4

Truly creative people are always geniuses.

Accepted Answer

A) True 
 B)False

Question 5

The four phases of the creative process are knowledge accumulation, incubation, idea experience, and evaluation.

Accepted Answer

A) True 
 B)False

Question 6

In innovation through duplication, a product is simply copied.

Accepted Answer

A) True 
 B)False

Question 7

The creative climate rejects the ambiguity common in work and life.

Accepted Answer

A) True 
 B)False

Question 8

Structured and focused chaos is necessary for creativity to occur.

Accepted Answer

A) True 
 B)False

Question 9

List and briefly explain each of the phases in the creative process.

Accepted Answer

The first phase is known as background o

Question 10

Innovative activity should be rewarded.

Accepted Answer

A) True 
 B)False

Question 11

Logical and analytical skills are developed in the

Accepted Answer

A)  left hemisphere of the brain. 
B)  right hemisphere of the brain. 
C)  central hemisphere of the brain. 
D)  anterior hemisphere of the brain. 
A)  left hemisphere of the brain. 
B)  right hemisphere of the brain. 
C)  central hemisphere of the brain. 
D)  anterior hemisphere of the brain.

Question 12

Retirement centers for older people reflect which source of innovation?

Accepted Answer

A)  industry changes 
B)  demographic changes 
C)  perception changes 
D)  unexpected occurrences 
A)  industry changes 
B)  demographic changes 
C)  perception changes 
D)  unexpected occurrences

Question 13

The cognitive ability of entrepreneurs to acquire and transform information has yet to be studied.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is not a type of innovation?

Accepted Answer

A)  invention 
B)  duplication 
C)  adaptation 
D)  synthesis 
A)  invention 
B)  duplication 
C)  adaptation 
D)  synthesis

Question 15

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

Accepted Answer

A)  synthesis 
B)  extension 
C)  invention 
D)  analysis 
A)  synthesis 
B)  extension 
C)  invention 
D)  analysis

Question 16

Innovation is the process by which entrepreneurs convert opportunities into marketable ideas.

Accepted Answer

A) True 
 B)False

Question 17

Entrepreneurs sense potential in business problems by asking

Accepted Answer

A)  who is to blame for failures? 
B)  what about profits? 
C)  what if and why not? 
D)  farfetched, unimaginative questions 
A)  who is to blame for failures? 
B)  what about profits? 
C)  what if and why not? 
D)  farfetched, unimaginative questions

Question 18

People with muddling mind-sets exhibit all of the following habits except

Accepted Answer

A)  either/or thinking 
B)  stereotyping 
C)  process thinking 
D)  security hunting 
A)  either/or thinking 
B)  stereotyping 
C)  process thinking 
D)  security hunting

Question 19

The two most important aspects of creativity are

Accepted Answer

A)  design and solution. 
B)  intelligence and technical competence. 
C)  process and people. 
D)  capital and opportunity. 
A)  design and solution. 
B)  intelligence and technical competence. 
C)  process and people. 
D)  capital and opportunity.

Question 20

Which of the following statements is True?

Accepted Answer

A)  A good innovator should be a genius. 
B)  Innovators rarely work in more than one field. 
C)  Innovators are poor workers. 
D)  A good innovator uses only the left side of the brain. 
A)  A good innovator should be a genius. 
B)  Innovators rarely work in more than one field. 
C)  Innovators are poor workers. 
D)  A good innovator uses only the left side of the brain.

Relying on abstractions can

The innovation process involves only the development of a good idea.

A potential entrepreneur needs to realize that

Truly creative people are always geniuses.

The four phases of the creative process are knowledge accumulation, incubation, idea experience, and evaluation.

In innovation through duplication, a product is simply copied.

The creative climate rejects the ambiguity common in work and life.

Structured and focused chaos is necessary for creativity to occur.

List and briefly explain each of the phases in the creative process.

Innovative activity should be rewarded.

Logical and analytical skills are developed in the

Retirement centers for older people reflect which source of innovation?

The cognitive ability of entrepreneurs to acquire and transform information has yet to be studied.

Which of the following is not a type of innovation?

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

Innovation is the process by which entrepreneurs convert opportunities into marketable ideas.

Entrepreneurs sense potential in business problems by asking

People with muddling mind-sets exhibit all of the following habits except

The two most important aspects of creativity are

Which of the following statements is True?

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

Relying on abstractions can

The innovation process involves only the development of a good idea.

A potential entrepreneur needs to realize that

Truly creative people are always geniuses.

The four phases of the creative process are knowledge accumulation, incubation, idea experience, and evaluation.

In innovation through duplication, a product is simply copied.

The creative climate rejects the ambiguity common in work and life.

Structured and focused chaos is necessary for creativity to occur.

List and briefly explain each of the phases in the creative process.

Innovative activity should be rewarded.

Logical and analytical skills are developed in the

Retirement centers for older people reflect which source of innovation?

The cognitive ability of entrepreneurs to acquire and transform information has yet to be studied.

Which of the following is not a type of innovation?

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

Innovation is the process by which entrepreneurs convert opportunities into marketable ideas.

Entrepreneurs sense potential in business problems by asking

People with muddling mind-sets exhibit all of the following habits except

The two most important aspects of creativity are

Which of the following statements is True?

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