Question 1

The incubation process involves which of the following?

Accepted Answer

A)  working harder 
B)  letting the subconscious work 
C)  talking with friends 
D)  changing jobs 
A)  working harder 
B)  letting the subconscious work 
C)  talking with friends 
D)  changing jobs

Question 2

Innovators must always search for new ideas, opportunities, or sources of innovation.

Accepted Answer

A) True 
 B)False

Question 3

Overnight package delivery is illustrative of which source of innovation?

Accepted Answer

A)  incongruities 
B)  unexpected occurrences 
C)  process needs 
D)  change in perception 
A)  incongruities 
B)  unexpected occurrences 
C)  process needs 
D)  change in perception

Question 4

It is really genius and not hard work that creates success for the entrepreneur.

Accepted Answer

A) True 
 B)False

Question 5

Innovation should follow a milestone schedule.

Accepted Answer

A) True 
 B)False

Question 6

Many inventions and innovations are a result of inventors seeing new and different relationships among objects, processes, materials, technologies, and people.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following statements is not True?

Accepted Answer

A)  Creative ideas never come out of the blue. 
B)  Ideas often emerge during activities unrelated to the enterprise. 
C)  Answers usually come to an individual incrementally. 
D)  Creative individuals allow their subconscious to mull over information. 
A)  Creative ideas never come out of the blue. 
B)  Ideas often emerge during activities unrelated to the enterprise. 
C)  Answers usually come to an individual incrementally. 
D)  Creative individuals allow their subconscious to mull over information.

Question 8

The principles of innovation are largely focused on profit maximization.

Accepted Answer

A) True 
 B)False

Question 9

Synthesis is the combining of two existing concepts into a new formulation.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following statements is True?

Accepted Answer

A)  Innovation is the specific function of entrepreneurship. 
B)  Innovation is the process by which entrepreneurs consume marketable ideas. 
C)  Innovation does not involve change. 
D)  Innovation is the government's responsibility. 
A)  Innovation is the specific function of entrepreneurship. 
B)  Innovation is the process by which entrepreneurs consume marketable ideas. 
C)  Innovation does not involve change. 
D)  Innovation is the government's responsibility.

Question 11

Most successful innovations are complex and focused.

Accepted Answer

A) True 
 B)False

Question 12

Ray Kroc's development of McDonald's would be a good illustration of which form of innovation?

Accepted Answer

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

Question 13

Creativity, in the entrepreneurial context, is the generation of ideas that result in the improved efficiency or effectiveness of a system.

Accepted Answer

A) True 
 B)False

Question 14

Security hunting means

Accepted Answer

A)  using probability and stereotypes to minimize risk 
B)  finding a permanent source of venture capital 
C)  sticking firmly to decisions 
D)  installing a security system 
A)  using probability and stereotypes to minimize risk 
B)  finding a permanent source of venture capital 
C)  sticking firmly to decisions 
D)  installing a security system

Question 15

In the incubation process, ways of getting away from a problem include

Accepted Answer

A)  working harder 
B)  working on something else. 
C)  going to parties. 
D)  visiting the library. 
A)  working harder 
B)  working on something else. 
C)  going to parties. 
D)  visiting the library.

Question 16

It takes _____ to innovate successfully.

Accepted Answer

A)  work, not rest, 
B)  rest, not work, 
C)  work, not genius, 
D)  genius, not work, 
A)  work, not rest, 
B)  rest, not work, 
C)  work, not genius, 
D)  genius, not work,

Question 17

Describe the innovation process.

Accepted Answer

The process begins with a cons

Question 18

A gap or difference between expectations and reality defines

Accepted Answer

A)  process needs. 
B)  incongruities. 
C)  demographic changes. 
D)  changes in perception. 
A)  process needs. 
B)  incongruities. 
C)  demographic changes. 
D)  changes in perception.

Question 19

Which of the following can help speed up the idea process?

Accepted Answer

A)  working harder 
B)  seeing new movies 
C)  taking breaks while working 
D)  intuition 
A)  working harder 
B)  seeing new movies 
C)  taking breaks while working 
D)  intuition

Question 20

Innovation is planned and predictable.

Accepted Answer

A) True 
 B)False

The incubation process involves which of the following?

Innovators must always search for new ideas, opportunities, or sources of innovation.

Overnight package delivery is illustrative of which source of innovation?

It is really genius and not hard work that creates success for the entrepreneur.

Innovation should follow a milestone schedule.

Many inventions and innovations are a result of inventors seeing new and different relationships among objects, processes, materials, technologies, and people.

Which of the following statements is not True?

The principles of innovation are largely focused on profit maximization.

Synthesis is the combining of two existing concepts into a new formulation.

Which of the following statements is True?

Most successful innovations are complex and focused.

Ray Kroc's development of McDonald's would be a good illustration of which form of innovation?

Creativity, in the entrepreneurial context, is the generation of ideas that result in the improved efficiency or effectiveness of a system.

Security hunting means

In the incubation process, ways of getting away from a problem include

It takes _____ to innovate successfully.

Describe the innovation process.

A gap or difference between expectations and reality defines

Which of the following can help speed up the idea process?

Innovation is planned and predictable.

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

The incubation process involves which of the following?

Innovators must always search for new ideas, opportunities, or sources of innovation.

Overnight package delivery is illustrative of which source of innovation?

It is really genius and not hard work that creates success for the entrepreneur.

Innovation should follow a milestone schedule.

Many inventions and innovations are a result of inventors seeing new and different relationships among objects, processes, materials, technologies, and people.

Which of the following statements is not True?

The principles of innovation are largely focused on profit maximization.

Synthesis is the combining of two existing concepts into a new formulation.

Which of the following statements is True?

Most successful innovations are complex and focused.

Ray Kroc's development of McDonald's would be a good illustration of which form of innovation?

Creativity, in the entrepreneurial context, is the generation of ideas that result in the improved efficiency or effectiveness of a system.

Security hunting means

In the incubation process, ways of getting away from a problem include

It takes _____ to innovate successfully.

Describe the innovation process.

A gap or difference between expectations and reality defines

Which of the following can help speed up the idea process?

Innovation is planned and predictable.

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