Q1. Well-established successful companies are generally more interested in suppo

Question

Q1. Well-established successful companies are generally more interested in supporting sustaining technologies than disruptive technologies.
   a. true
   b. false

Q2. Which of the following questions reflects market risk concerns?
   a. At what point will breakeven occur?
   b. Do we have the capability to produce a desired technology?
   c. How should we price our new product?
   d. Are we prepared to deal with changing regulations?

Q3. Good science requires that members of the scientific community continually question the outcomes of scientific research efforts – no effort is so worthy that it cannot be challenged. Which of Robert Merton's norms of science captures this principle?
   a. Communalism
   b. Universalism
   c. Disinterestedness
   d. Organized skepticism

Q4. Piracy is concerned with:
   a. unauthorized use of copyrighted material
   b. unauthorized use of patented technology
   c. unauthorized use of trade marks
   d. unauthorized use of trade secrets

Q5. If Ajax Enterprises hold a French patent for a technology, and no other patent, then John Jones of the USA:
   a. is infringing on the patent if he produces the technology in his Chicago factory
   b. is not legally able to sell the technology in the USA
   c. would not be able to export the technology to France legally without Ajax's authorization
   d. would not be able to use the technology in the USA for his own purposes

Q6. Sometimes companies that produce less than stellar products win the innovation battle because of network externalities. With network externalities:
   a. companies that possess strong network externalities win the competition because they have superior sales capabilities
   b. companies that possess strong network externalities win the competition because they have superior production capabilities
   c. companies that possess strong network externalities win the competition because they are able to tap into a an old boy "network," where important luminaries in the industry support their products
   d. companies that possess strong network externalities win the competition because they have a "network" of sales channels and support capabilities that make their products more attractive

Q7. In the maturity phase of the product life-cycle, revenues continue to grow.
   a. true
   b. false

Q8. Which of the following products established a dominant design for a product line?
   a. Sanyo's most advanced flat-panel television monitor
   b. Compaq's transportable computer, based on the IBM PC design
   c. The internal combustion engine automobile that ran on gasoline
   d. The electric pencil sharpener

Q9. An important way that large, well-established companies can take advantage of disruptive technologies is:
   a. to purchase smaller companies that have pioneered disruptive technologies and are now earning a decent living from them
   b. to invest heavily in disruptive technologies
   c. to invest only in disruptive technologies that are guaranteed to be winners
   d. to invest primarily in sustaining technologies

Q10. Which of the following statements regarding creativity is true?
   a. Extraordinarily creative people tend to have exceptionally high IQs
   b. Creative people are both imaginative and rooted in reality
   c. Studies on determinants of creativity have found that personal suffering has been a necessary stimulant to creativity among most highly creative people
   d. Creative people tend to be kooky

Q11. Innovation________.
   a. is another word for invention
   b. applies solely to engineering advances
   c. requires patenting of products that are produced
   d. requires inventions to be employed practically

Q12. Intrapreneurship focuses on:
   a. making bureaucratic organizations function more entrepreneurially
   b. identifying individuals who will promote entrepreneurship on teams
   c. identifying profit targets that new ventures should strive to achieve
   d. helping individuals tap into their innate entrepreneurial powers

Q13. Which of the following questions reflects financial risk concerns?
   a. At what point will breakeven occur?
   b. Do we have the capability to produce a desired technology?
   c. How should we price our new product?
   d. Are we prepared to deal with changing regulations?

Q14. A significant consequence to technological innovation and entrepreneurship arising from the financial meltdown of 2008 is:
   a. intellectual property protection decreased
   b. investment capital dried up
   c. support for entrepreneurship education decreased
   d. the currency exchange rates for all countries decreased

Q15. If you pay a contractor to write an article titled "The Evolution of the Domestic Dog,"
   a. the contractor owns the copyright since he/she produced it, unless he/she enters into an agreement to transfer ownership to you
   b. ownership has not been determined, so it is necessary to enter into an agreement defining ownership rights
   c. the contractor owns the copyright, but you have free access to the copyrighted material and can use it at will
   d. you own the copyright because it is a work for hire, unless you enter into an agreement with the contractor to transfer ownership to him/her

Q16. You can publish a book titled The Godfather without violating copyright law.
   a. true
   b. false

Q17. In order to maintain control over your copyrighted material, you need to put a copyright notice mark (e.g., © 2012 Jones Corp.) onto works you write and publish.
   a. true
   b. false

Q18. Schumpeter's concept of creative destruction holds that:
   a. when entrepreneurs take over a business, they should strive to dismantle the way the business used to be run and implement new innovation-friendly processes
   b. a natural feature of capitalism is that established businesses cannot keep up with economic changes and entrepreneurial forces drive them out of business
   c. creative managers need to reinvent themselves constantly
   d. creative processes in the arts, sciences, and social systems entail rethinking how things should work

Q19. All innovations are rooted in science.
   a. true
   b. false

Q20. When looking at the histories of successful real world ventures, we come across cases where a successful venture was spun off from a larger technical effort. Examples include:
   a. CraigsList
   b. Firefox and Alexa Internet
   c. PayPal and Flickr
   d. Apple Computer

Explanation / Answer

4      .a. unauthorized use of copyrighted material

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