ECON 125 Final Exam Questions With Correct Answers

ECON 125 Final Exam Questions With Correct
Answers

According |to |the |article |"The |Discipline |of |Innovation", |which |one |of |the |following |is |a |source |
of |innovation?

A. |new |knowledge

B. |all |of |the |above

C. |demographic |changes

D. |unexpected |occurrences |- |CORRECT |ANSWER✔✔-B. |all |of |the |above



Drucker |takes |IBM's |success |as |an |example |of:

A. |Process |needs

B. |New |knowledge

C. |Unexpected |occurrences

D. |Changes |in |perception |- |CORRECT |ANSWER✔✔-C. |Unexpected |occurrences



The |key |to |looking |for |opportunities |is |looking |for |change. |(T/F) |- |CORRECT |ANSWER✔✔-True



Which |of |the |following |is |not |an |inside |source |of |opportunity?

A. |The |unexpected

B. |Process |needs

C. |Industry |market |structure

D. |New |knowledge |- |CORRECT |ANSWER✔✔-D. |New |knowledge



Netflix's |success |is |an |example |of |which |of |the |following |changes |in |industry |market |structure |
described |by |Drucker?

,A. |Convergence |of |multiple |industries

B. |Fundamental |change |in |the |business |model

C. |Rapid |growth

D. |Maturation |- |CORRECT |ANSWER✔✔-D. |Maturation



According |to |researchers |from |Project |Aristotle, |teams |were |found |to |be |less |successful |if |they
|allowed |members |to |speak |equally |rather |than |have |experts |dominate |topics |in |their |areas. |


(T/F) |- |CORRECT |ANSWER✔✔-False



The |Basadur |Profile |is |a |tool |that |can |be |used |to |help |you |better |understand |what |type |of |
problem |solver |you |are. |Which |of |the |following |is |NOT |one |of |the |Badasur |Profiles?

A. |Investigator

B. |Implementer

C. |Optimizer

D. |Generator |- |CORRECT |ANSWER✔✔-A. |Investigator



In |the |video |discussing |the |Chilean |mining |crisis, |what |does |Amy |Edmunson |NOT |mention |
when |she |is |discussing |the |teamwork |that |led |to |saving |the |trapped |miners?

A. |all |of |the |above |were |mentioned

B. |willingness |to |take |risks |to |learn |quickly

C. |humble |in |the |challenge |ahead

D. |curiosity |about |what |others |bring |- |CORRECT |ANSWER✔✔-A. |all |of |the |above |were |
mentioned



Which |of |the |following |is |NOT |one |of |the |4 |stages |of |teaming |according |to |the |Tuckman |
model?

A. |norming

B. |touring

, C. |storming

D. |forming |- |CORRECT |ANSWER✔✔-B. |Touring



Which |of |the |following |was |NOT |provided |as |a |reason |for |why |to |create |a |Team |Charter:

A. |Get |to |alignment |on |the |goal |and |purpose |of |the |work |a |team |will |be |doing |together

B. |Make |decisions |on |how |and |when |the |team |will |meet

C. |Identify |who |should, |and |should |not, |be |included |in |the |team

D. |Build |agreements |around |things |like |how |a |team |will |operate |- |CORRECT |ANSWER✔✔-C. |
Identify |who |should, |and |shouldn't |be |in |the |team



Which |of |the |following |concepts |is |NOT |part |of |the |principle |"Bias |Towards |Action"

A. |Learning |by |Doing

B. |Getting |out |and |talking |to |people

C. |Using |google |docs |to |replace |team |meetings

D. |In-person |teamwork |and |collaboration |- |CORRECT |ANSWER✔✔-C. |Using |google |docs |to |
replace |team |meetings



In |the |pediatric |MRI |example, |what |did |Doug |and |his |team |not |consider |as |fully |as |they |
should |have |in |their |initial |design?

A. |whether |the |product |they |designed |could |make |money

B. |how |to |make |a |prototype

C. |the |perspective |of |the |user

D. |what |the |latest |technology |was |- |CORRECT |ANSWER✔✔-C. |The |perspective |of |the |user



According |to |the |article, |"Design |Thinking: |A |5 |Stage |Process", |which |of |the |following |
describes |the |stage |"Empathize"?

A. |Setting |aside |personal |assumptions |in |order |to |gain |insight |into |users |and |their |needs