Question 1

What is the essential difference between an invention and an innovation?

Accepted Answer

The answer of What is the essential difference between an...

Question 2

_____ refers to creations of the mind-inventions, literary and artistic works, and symbols, names, and images used in commerce.

Accepted Answer

A) Patent 
B) License 
C) Intellectual property 
D) Trademark 
E) Copyright

Question 3

_____ is the global nongovernmental organization tasked with coordinating and marshalling efforts to harmonize intellectual property rights among countries and regions.
 Easy

Accepted Answer

The answer of _____ is the global nongovernmental organization tasked...

Question 4

The simplest way for a company to protect its intellectual property is to never reveal it, to create what is called a(n)_____.

Accepted Answer

The answer of The simplest way for a company to...

Question 5

Threadless, a T-shirt manufacturing company, relies on the contribution of online community members in the design process.The community includes a group of volunteer designers who submit designs and vote on the designs submitted by others.In addition to free exposure, designers receive monetary incentives, including a $2,500 base award as well as a percentage of T-shirt sales.These incentives allow Threadless to encourage continual customer contribution.This serves as an example of:

Accepted Answer

A) licensing. 
B) patent. 
C) process innovation. 
D) user-led innovation. 
E) social network.

Question 6

Starbucks has introduced the concept of "Starbucks Idea" wherein customers can make suggestions with regard to the products and services offered by the company.It has online Starbucks Idea Partners who listen to the ideas, ask questions, and tell what the company does.This is an example of:

Accepted Answer

A) collaboration. 
B) a patent. 
C) process innovation. 
D) open innovation. 
E) a social network.

Question 7

A(n)_____ prohibits other people from selling the identical product built in the same way as a product protected by intellectual property rights law.

Accepted Answer

The answer of A(n)_____ prohibits other people from selling the...

Question 8

While social network and social capital can be associated with many things, they are not important sources of innovation.

Accepted Answer

A) True 
 B)False

Question 9

The logistics industry used to track the movement of goods manually.They have been able to improve its processes significantly by the introduction of RFID (Radio Frequency Identification)technology which is a cheap way to track goods.This is an example of:

Accepted Answer

A) collaboration. 
B) patent. 
C) process innovation. 
D) open innovation. 
E) user-led innovation.

Question 10

Which of the following statements is true for Research and Development?

Accepted Answer

A) It refers to the process of promoting the use of scientific knowledge in forecasting the demand for different products in the market. 
B) It refers to the process of identifying new ideas and turning them into tangible products or processes. 
C) It refers to the pursuit of investigations without commercial goals, focusing on unravelling the secrets of nature. 
D) It refers to the use of technology in trying to understand the latent needs and preferences of the customers in the market. 
E) It refers to any confidential business information which provides an enterprise with a competitive edge.

Question 11

Young Chinese migrants to America are affected by tangible forms of social relations between the community, immigrant families, and the younger generations.Chinatown facilitates the accommodation of immigrant children in the expected directions.The knowledge and information that the children gain through the social network in Chinatown can be termed as:

Accepted Answer

A) social network. 
B) social entrepreneurship. 
C) social capital. 
D) social mobility. 
E) social engineering.

Question 12

Robert Solow showed mathematically that, in the long run, growth in gross national product per worker is due more to:

Accepted Answer

A) infrastructure development than to technological innovation. 
B) capital investment than to R and D. 
C) large investment banks than to technological institutes. 
D) technological progress than to mere capital investment. 
E) investment in labor and capital than mere technological progress.

Question 13

What are the advantages a patent registration?

Accepted Answer

The answer of What are the advantages a patent registration?...

Question 14

What is Intellectual property (IP)?

Accepted Answer

The answer of What is Intellectual property (IP)?...

Question 15

_____ refers to an initiative of the World Resources Institute's Markets and Enterprise Program to provide a source for news, analysis, research, and discussion on development through enterprise and BOP ideas.

Accepted Answer

A) Advancing the Base of the Pyramid 
B) Business with Four Billion 
C) NextBillion.net 
D) World Neighbors 
E) Research for Humanity

Question 16

What is the role of social software tools in making social networking more effective?

Accepted Answer

The answer of What is the role of social software...

Question 17

The system of _____ helps consumers identify and purchase a product or service because its nature and quality, indicated by its sign, meets their needs.

Accepted Answer

The answer of The system of _____ helps consumers identify...

Question 18

Significant differences in property rights around the globe make the world flatter with respect to innovation.

Accepted Answer

A) True 
 B)False

Question 19

Some companies actively seek patents that they can purchase because they want to speed up their own R&D efforts.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following statements is true for innovation?

Accepted Answer

A) It refers to converting a new idea into revenues and profits. 
B) It refers to the use of technology to understand the latent needs and preferences of the customers in the market. 
C) It refers to pursuing scientific investigations without commercial goals, focusing on unravelling the secrets of nature and finding new knowledge. 
D) It refers to the process of promoting the use of scientific knowledge in forecasting the demands of different products in the market. 
E) It refers to bringing an idea into tangible reality by embodying it as a product or system.

Exam 13: Harnessing the Engine of Global Innovation

What is the essential difference between an invention and an innovation?

_____ refers to creations of the mind-inventions, literary and artistic works, and symbols, names, and images used in commerce.

_____ is the global nongovernmental organization tasked with coordinating and marshalling efforts to harmonize intellectual property rights among countries and regions. Easy

The simplest way for a company to protect its intellectual property is to never reveal it, to create what is called a(n)_____.

Starbucks has introduced the concept of "Starbucks Idea" wherein customers can make suggestions with regard to the products and services offered by the company.It has online Starbucks Idea Partners who listen to the ideas, ask questions, and tell what the company does.This is an example of:

A(n)_____ prohibits other people from selling the identical product built in the same way as a product protected by intellectual property rights law.

While social network and social capital can be associated with many things, they are not important sources of innovation.

The logistics industry used to track the movement of goods manually.They have been able to improve its processes significantly by the introduction of RFID (Radio Frequency Identification) technology which is a cheap way to track goods.This is an example of:

Which of the following statements is true for Research and Development?

Robert Solow showed mathematically that, in the long run, growth in gross national product per worker is due more to:

What are the advantages a patent registration?

What is Intellectual property (IP)?

_____ refers to an initiative of the World Resources Institute's Markets and Enterprise Program to provide a source for news, analysis, research, and discussion on development through enterprise and BOP ideas.

What is the role of social software tools in making social networking more effective?

The system of _____ helps consumers identify and purchase a product or service because its nature and quality, indicated by its sign, meets their needs.

Significant differences in property rights around the globe make the world flatter with respect to innovation.

Some companies actively seek patents that they can purchase because they want to speed up their own R&D efforts.

Which of the following statements is true for innovation?