Question 1

________strategies involve using memory to retrieve information to make links or connections based on past experience that are relevant to the current problem.

Accepted Answer

A) Memory 
B) Reconnection 
C) Search 
D) Memory relevancy 
A) Memory 
B) Reconnection 
C) Search 
D) Memory relevancy C

Question 2

Nan has an idea that is high on value and usefulness and low on degree of novelty.According to the Neck Idea Generation Matrix, the idea has the quality of ______.

Accepted Answer

A) innovation 
B) invention 
C) improvement 
D) irrelevant 
A) innovation 
B) invention 
C) improvement 
D) irrelevant C

Question 3

Barb is struggling with the concept of value.She meets with her mentor and they discuss value as ______.

Accepted Answer

A) an economic concept 
B) accounting defines value 
C) the capacity to generate profit, possibly addresses a social need, and possibly protects or preserves the environment 
D) what is left over at the end of the month, net income 
A) an economic concept 
B) accounting defines value 
C) the capacity to generate profit, possibly addresses a social need, and possibly protects or preserves the environment 
D) what is left over at the end of the month, net income C

Question 4

Which of the following was NOT a result of imagination-based strategy spinoffs from NASA?

Accepted Answer

A) ear thermometer 
B) scratch resistant lens 
C) long-distance communications 
D) biodegradable paper plates 
A) ear thermometer 
B) scratch resistant lens 
C) long-distance communications 
D) biodegradable paper plates

Question 5

Define pattern recognition and describe how you would apply this to opportunities generated for your entrepreneurship.

Accepted Answer

Pattern recognition is the process of id

Question 6

The football we know today is a result of ______.

Accepted Answer

A) alertness 
B) active search 
C) building opportunities 
D) prior knowledge 
A) alertness 
B) active search 
C) building opportunities 
D) prior knowledge

Question 7

Opportunity is defined as ______.

Accepted Answer

A) having potential economic value 
B) having novelty or newness 
C) being perceived as desirable 
D) an apparent way of generating value through unique, novel, or desirable products or services that have not been previously exploited 
A) having potential economic value 
B) having novelty or newness 
C) being perceived as desirable 
D) an apparent way of generating value through unique, novel, or desirable products or services that have not been previously exploited

Question 8

Idea generation is defined as ______.

Accepted Answer

A) recognition that ideas are not only new and potentially useful, but have the potential to generate economic value 
B) production of ideas for something new 
C) production of ideas for something that is also potentially useful 
D) the results of brainstorming with friends and family 
A) recognition that ideas are not only new and potentially useful, but have the potential to generate economic value 
B) production of ideas for something new 
C) production of ideas for something that is also potentially useful 
D) the results of brainstorming with friends and family

Question 9

The Idea Classification Matrix presented in the text ______.

Accepted Answer

A) compares degree of value with the degree of usefulness 
B) compares the degree of usefulness with the degree of inventiveness 
C) compares the creativeness with the degree of value 
D) compares the degree of novelty with the degree of value and usefulness 
A) compares degree of value with the degree of usefulness 
B) compares the degree of usefulness with the degree of inventiveness 
C) compares the creativeness with the degree of value 
D) compares the degree of novelty with the degree of value and usefulness

Question 10

Which of the following is NOT consistent with building opportunities?

Accepted Answer

A) perceived as uncertain 
B) build networks 
C) take action; continuous learning and iteration 
D) changes in technology, markets, consumer tastes, government regulations, and demographics 
A) perceived as uncertain 
B) build networks 
C) take action; continuous learning and iteration 
D) changes in technology, markets, consumer tastes, government regulations, and demographics

Question 11

Put the following into order of increasing relevance to founding new ventures: Idea generation
Creativity
Opportunity recognition

Accepted Answer

A) creativity, idea generation, opportunity recognition 
B) creativity, opportunity recognition, idea generation 
C) idea generation, creativity, opportunity recognition 
D) idea generation, opportunity recognition, creativity 
A) creativity, idea generation, opportunity recognition 
B) creativity, opportunity recognition, idea generation 
C) idea generation, creativity, opportunity recognition 
D) idea generation, opportunity recognition, creativity

Question 12

Stefan is an entrepreneur who involves group members to stimulate each other to come up with new or improved ideas.Stefan uses which of the following?

Accepted Answer

A) finding approach 
B) habit-breaking strategies 
C) imagination-based strategies 
D) interpersonal strategies 
A) finding approach 
B) habit-breaking strategies 
C) imagination-based strategies 
D) interpersonal strategies

Question 13

______ strategies are employed to get group members to stimulate each other to come up with new or improved ideas.

Accepted Answer

A) Group encounter 
B) Group stimulation 
C) Interpersonal 
D) Peer pressure 
A) Group encounter 
B) Group stimulation 
C) Interpersonal 
D) Peer pressure

Question 14

______ strategies involve consciously making links between concepts or ideas that are not normally associated with each other.

Accepted Answer

A) Psychological 
B) Conscious idea generating 
C) Relationship-seeking 
D) Dissociative 
A) Psychological 
B) Conscious idea generating 
C) Relationship-seeking 
D) Dissociative

Question 15

Many inventions have had several people working on the idea and the idea was developed over years.Which of the following inventions does NOT fit this example?

Accepted Answer

A) concrete 
B) optical lenses 
C) gun powder 
D) network marketing 
A) concrete 
B) optical lenses 
C) gun powder 
D) network marketing

Question 16

The ______ approach states that opportunities do not exist independent of entrepreneurs but are, instead, a product of the mind.

Accepted Answer

A) building 
B) mind product 
C) opportunity 
D) entrepreneurial 
A) building 
B) mind product 
C) opportunity 
D) entrepreneurial

Question 17

Most of the products we know today are the result of one person's ideas and development.Collaboration did not take place.

Accepted Answer

A) True 
 B)False

Question 18

Arya has the innate capacity to not only focus on new ideas but also sustain them.Using the SEEC acronym, she is ______.

Accepted Answer

A) securing 
B) expanding 
C) exposing 
D) challenging 
A) securing 
B) expanding 
C) exposing 
D) challenging

Question 19

Lyla likes to focus on and sustain new ideas.She uses which of the following?

Accepted Answer

A) relationship-seeking strategies 
B) search strategies 
C) securing 
D) prior knowledge 
A) relationship-seeking strategies 
B) search strategies 
C) securing 
D) prior knowledge

Question 20

Opportunity is an apparent way of generating value through unique, novel, or desirable products or services that have not been previously exploited.

Accepted Answer

A) True 
 B)False

________strategies involve using memory to retrieve information to make links or connections based on past experience that are relevant to the current problem.

Nan has an idea that is high on value and usefulness and low on degree of novelty.According to the Neck Idea Generation Matrix, the idea has the quality of ______.

Barb is struggling with the concept of value.She meets with her mentor and they discuss value as ______.

Which of the following was NOT a result of imagination-based strategy spinoffs from NASA?

Define pattern recognition and describe how you would apply this to opportunities generated for your entrepreneurship.

The football we know today is a result of ______.

Opportunity is defined as ______.

Idea generation is defined as ______.

The Idea Classification Matrix presented in the text ______.

Which of the following is NOT consistent with building opportunities?

Put the following into order of increasing relevance to founding new ventures: Idea generation Creativity Opportunity recognition

Stefan is an entrepreneur who involves group members to stimulate each other to come up with new or improved ideas.Stefan uses which of the following?

______ strategies are employed to get group members to stimulate each other to come up with new or improved ideas.

______ strategies involve consciously making links between concepts or ideas that are not normally associated with each other.

Many inventions have had several people working on the idea and the idea was developed over years.Which of the following inventions does NOT fit this example?

The ______ approach states that opportunities do not exist independent of entrepreneurs but are, instead, a product of the mind.

Most of the products we know today are the result of one person's ideas and development.Collaboration did not take place.

Arya has the innate capacity to not only focus on new ideas but also sustain them.Using the SEEC acronym, she is ______.

Lyla likes to focus on and sustain new ideas.She uses which of the following?

Opportunity is an apparent way of generating value through unique, novel, or desirable products or services that have not been previously exploited.

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Using Design Thinking

Testing and Experimenting in Markets

Building Business Models

Planning for Entrepreneurs

Creating Revenue Models

Learning From Failure

Bootstrapping for Resources

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

Financial Statements and Projections for Startups

the Pitch Deck

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Exam 5: Generating New Ideas

________strategies involve using memory to retrieve information to make links or connections based on past experience that are relevant to the current problem.

Nan has an idea that is high on value and usefulness and low on degree of novelty.According to the Neck Idea Generation Matrix, the idea has the quality of ______.

Barb is struggling with the concept of value.She meets with her mentor and they discuss value as ______.

Which of the following was NOT a result of imagination-based strategy spinoffs from NASA?

Define pattern recognition and describe how you would apply this to opportunities generated for your entrepreneurship.

The football we know today is a result of ______.

Opportunity is defined as ______.

Idea generation is defined as ______.

The Idea Classification Matrix presented in the text ______.

Which of the following is NOT consistent with building opportunities?

Put the following into order of increasing relevance to founding new ventures: Idea generation Creativity Opportunity recognition

Stefan is an entrepreneur who involves group members to stimulate each other to come up with new or improved ideas.Stefan uses which of the following?

______ strategies are employed to get group members to stimulate each other to come up with new or improved ideas.

______ strategies involve consciously making links between concepts or ideas that are not normally associated with each other.

Many inventions have had several people working on the idea and the idea was developed over years.Which of the following inventions does NOT fit this example?

The ______ approach states that opportunities do not exist independent of entrepreneurs but are, instead, a product of the mind.

Most of the products we know today are the result of one person's ideas and development.Collaboration did not take place.

Arya has the innate capacity to not only focus on new ideas but also sustain them.Using the SEEC acronym, she is ______.

Lyla likes to focus on and sustain new ideas.She uses which of the following?

Opportunity is an apparent way of generating value through unique, novel, or desirable products or services that have not been previously exploited.

Entrepreneurship: a Global Social Movement

Practicing Entrepreneurship

Developing an Entrepreneurial Mindset

Supporting Social Entrepreneurship

Using Design Thinking

Testing and Experimenting in Markets

Building Business Models

Planning for Entrepreneurs

Creating Revenue Models

Learning From Failure

Bootstrapping for Resources

Financing for Startups

Developing Networks

Navigating Legal and Ip Issues

Marketing and Pitching Your Idea

Financial Statements and Projections for Startups

the Pitch Deck

Filters