Managing Innovation Quiz 1

Part 1 of 2 - True & False 17.0 Points

Question 1 of 40 1.0 Points
Practically all innovative ideas become successful products.

True

False

Question 2 of 40 1.0 Points
Flexible manufacturing technologies have increased the importance of production economies of scale.

True

False

Question 3 of 40 1.0 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 40 1.0 Points
The rate of economic growth can be accounted for entirely by growth in labor and capital inputs.

True

False

Question 5 of 40 1.0 Points
A firm that innovates quickly will not be able to penetrate as many market segments as its competitors.

True

False

Question 6 of 40 1.0 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 40 1.0 Points
If an idea can be shown to be technologically feasible, it is guaranteed to be commercially successful.

True

False

Question 8 of 40 1.0 Points
There is no relationship between the globalization of markets and the importance of innovation.

True

False

Question 9 of 40 1.0 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 40 1.0 Points
Technology’s effects on society are always positive.

True

False

Question 11 of 40 1.0 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 40 1.0 Points
Technology in its purest form is not knowledge, but rather faith that things will get better.

True

False

Question 13