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5.0
INNOVATION AND TECHNOLOGICAL MANAGEMENT
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
Quiz: Choose the correct statement about innovation
a. creating something new, which is of some value
b. apply creative solutions to problems and opportunities to enhance
or to enrich people's lives
c. Both of the above
d. None of the above
Ans: c. Both of the above
Quiz: Drivers of innovation are
a. Financial Pressure, Short life cycle and increased competition
b. Pressure to earn more money, develop technology faster and high
cost of living
c. None of the above
Ans: a. Financial Pressure, Short life cycle and increased competition
Quiz: Choose the correct statement about Risk
,a. It is the chance or possibility of loss. This could be financial, physical
or reputational
b. It is the chance or possibility of financial loss, however it could not
physical or reputational
c. Gola of Risk management is to eliminate it
d. None of the above
Ans: It is the chance or possibility of loss. This could be financial, physical
or reputational
Quiz: Regret is the amount of loss a person can tolerate
a. TRUE
b. FALSE
Ans: a. TRUE
Quiz: John spent his savings of $600,000, while David borrowed $500,
000 from a bank to start a new business partnership
a. John's regret is 600,000 while David's regret is 0, as he didn't use his
own money
b. John's regret is 600,000 and David's regret is $500,000
c. None of the above
Ans: b. John's regret is 600,000 and David's regret is $500,000
Examstudy - Stuvia US
,Quiz: John invested $800,000 in his new business which has risk adjusted
constants of 4. John's upside will be
a. $800,000
b. $3,200,000
c. None of the above
Ans: b. $3,200,000
Quiz: Economy of scope is based on the concept that larger quantities
of units sold will result in reduced per-unit costs
a. TRUE
b. FALSE
Ans: b. FALSE
Quiz: Economies of scale is an economic concept that the unit cost to
produce a product will decline as the variety of products increases.
a. TRUE
b. FALSE
Ans: b. FALSE
Examstudy - Stuvia US
, Quiz: The network effect is a phenomenon whereby increased numbers
of people or participants improve the value of a good or service
a. TRUE
b. FALSE
Ans: a. TRUE
Quiz: For radical innovations, the risk is very high, however if it becomes
successful then rewards are very high as well
a. TRUE
b. FALSE
Ans: a. TRUE
Quiz: David is starting a new venture with a risk adjusted constant λ =2.
He is investing $150,000. The upside (U) of David's Venture is ______.
a. $300,000
b. $200,000
c. $150,000
Ans: A. ( U = λ R)
Examstudy - Stuvia US
In today's fast-paced educational landscape, students need reliable resources to excel in their studies.
5.0
INNOVATION AND TECHNOLOGICAL MANAGEMENT
QUESTIONS WITH DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS) /ALREADY GRADED A+
Quiz: Choose the correct statement about innovation
a. creating something new, which is of some value
b. apply creative solutions to problems and opportunities to enhance
or to enrich people's lives
c. Both of the above
d. None of the above
Ans: c. Both of the above
Quiz: Drivers of innovation are
a. Financial Pressure, Short life cycle and increased competition
b. Pressure to earn more money, develop technology faster and high
cost of living
c. None of the above
Ans: a. Financial Pressure, Short life cycle and increased competition
Quiz: Choose the correct statement about Risk
,a. It is the chance or possibility of loss. This could be financial, physical
or reputational
b. It is the chance or possibility of financial loss, however it could not
physical or reputational
c. Gola of Risk management is to eliminate it
d. None of the above
Ans: It is the chance or possibility of loss. This could be financial, physical
or reputational
Quiz: Regret is the amount of loss a person can tolerate
a. TRUE
b. FALSE
Ans: a. TRUE
Quiz: John spent his savings of $600,000, while David borrowed $500,
000 from a bank to start a new business partnership
a. John's regret is 600,000 while David's regret is 0, as he didn't use his
own money
b. John's regret is 600,000 and David's regret is $500,000
c. None of the above
Ans: b. John's regret is 600,000 and David's regret is $500,000
Examstudy - Stuvia US
,Quiz: John invested $800,000 in his new business which has risk adjusted
constants of 4. John's upside will be
a. $800,000
b. $3,200,000
c. None of the above
Ans: b. $3,200,000
Quiz: Economy of scope is based on the concept that larger quantities
of units sold will result in reduced per-unit costs
a. TRUE
b. FALSE
Ans: b. FALSE
Quiz: Economies of scale is an economic concept that the unit cost to
produce a product will decline as the variety of products increases.
a. TRUE
b. FALSE
Ans: b. FALSE
Examstudy - Stuvia US
, Quiz: The network effect is a phenomenon whereby increased numbers
of people or participants improve the value of a good or service
a. TRUE
b. FALSE
Ans: a. TRUE
Quiz: For radical innovations, the risk is very high, however if it becomes
successful then rewards are very high as well
a. TRUE
b. FALSE
Ans: a. TRUE
Quiz: David is starting a new venture with a risk adjusted constant λ =2.
He is investing $150,000. The upside (U) of David's Venture is ______.
a. $300,000
b. $200,000
c. $150,000
Ans: A. ( U = λ R)
Examstudy - Stuvia US
