Managing Innovation Quiz 1

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Part 1 of 2 - True & False17.0 Points

Question 1 of 401.0 Points
Practically all innovative ideas become successful products.

True

False

Question 2 of 401.0 Points
Flexible manufacturing technologies have increased the importance of production economies of scale.

True

False

Question 3 of 401.0 Points
Innovation and new technology have caused the product life cycle to become longer as better quality products are being produced.

True

False

Question 4 of 401.0 Points
The rate of economic growth can be accounted for entirely by growth in labor and capital inputs.

True

False

Question 5 of 401.0 Points
A firm that innovates quickly will not be able to penetrate as many market segments as its competitors.

True

False

Question 6 of 401.0 Points
Flexible manufacturing technologies have enabled firms to produce a wider variety of product models to better meet the needs of diverse customer segments.

True

False

Question 7 of 401.0 Points
If an idea can be shown to be technologically feasible, it is guaranteed to be commercially successful.

True

False

Question 8 of 401.0 Points
There is no relationship between the globalization of markets and the importance of innovation.

True

False

Question 9 of 401.0 Points
Flexible manufacturing technologies can help companies develop a wider variety in their product lines to promote to various market segments.

True

False

Question 10 of 401.0 Points
Technology’s effects on society are always positive.

True

False

Question 11 of 401.0 Points
Flexible manufacturing technologies have made shorter production runs less economical and increased the importance of production economies of scale.

True

False

Question 12 of 401.0 Points
Technology in its purest form is not knowledge, but rather faith that things will get better.

True

False

Question 13 of 401.0 Points
Technological innovation can have a positive impact on our quality of life through improved goods and services.

True

False

Question 14 of 401.0 Points
While technology has had a dramatic impact on business, it has had virtually no impact on society in general.

True

False

Question 15 of 401.0 Points
Some technological innovations have not been 100% positive.

True

False

Question 16 of 401.0 Points
Over the last twenty years, product lifecycles have gotten longer in most industries.

True

False

Question 17 of 401.0 Points
According to the innovation funnel one new idea is usually responsible for several new products.

True

False

Part 2 of 2 - Multiple Choice23.0 Points

Question 18 of 401.0 Points
After Yahoo! was introduced as an easy way to search the World Wide Web, it was followed by other search engines, some of which had improved or faster ways to search the web. This is an example of how one innovative idea can

A. stimulate more innovations and create a new market.

B. never be truly copied.

C. ruin the business of someone else.

D. slow down obsolescence.

Question 19 of 401.0 Points
Benefits of innovation and introducing new products can include

A. speeding the pace of innovation.

B. protecting profit margins.

C. all of the options listed

D. lowering costs.

Question 20 of 401.0 Points
Technology in its purest form is

A. knowledge to solve our problems and pursue our goals.

B. pure guesswork.

C. always derived from physics.

D. faith that things will get better.

Question 21 of 401.0 Points
Technology’s effects on society are

A. neutral.

B. could be positive or negative.

C. always negative.

D. always positive.

Question 22 of 401.0 Points
Which of the following statements about being a successful...
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