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Multiple Choice Quiz
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1
In commercializing a new technology, finding new opportunities and ____ them are the key activities.
A)inventing
B)exploiting
C)standardizing
D)providing resources for
2
_____ is the creation of an idea in a laboratory.
A)Invention
B)Innovation
C)Discovery
D)Exploitation
3
_____ ensures ____’s broad application.
A)invention, innovation
B)innovation, invention
C)innovation, exploitation
D)invention, exploitation
4
As industries mature, products become ______.
A)specialized
B)commodities
C)scarce
D)differentiated
5
In many companies, innovative people are likely to be found in foreign operations, where _____ is less prevalent.
A)strategy
B)mission
C)vision
D)groupthink
6
In new ventures, financial projections and risk analysis are part of a _______.
A)strategic plan
B)corporate plan
C)business plan
D)loan plan
7
In the _____ method of forecasting, successive requisitioning in light of initial answers sharpens the results obtained.
A)Trend analysis
B)Alternative scenarios
C)Delphi
D)Time series
8
In _____ societies, economic activity revolves around the manipulation and movement of “massive objects against friction and gravity.”
A)modern
B)industrial
C)postindustrial
D)contemporary





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