The Advantages And Disadvantages Of Innovation And ‘r & D’

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| By Jessicaorrey

Jessicaorrey

Community Contributor

Quizzes Created: 1 | Total Attempts: 1,202

Questions: 8 | Attempts: 1,203 | Updated: Mar 22, 2023

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The Advantages And Disadvantages Of Innovation And r & D - Quiz

Learn more about advantages and disadvantages of innovation by taking this interesting quiz!

Questions and Answers

1.

Innovation could be described as a new invention, a discovery or a change in a process.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The given statement is true because innovation refers to the creation or introduction of something new, whether it is an invention, a discovery, or a change in a process. It involves bringing fresh ideas, methods, or products to improve upon existing ones or to create something entirely novel. Innovation is crucial in various fields such as technology, science, business, and even in everyday life, as it drives progress and growth by pushing boundaries and finding better ways of doing things.

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1
0
2.

Which business in 1997 became innovative by introducing a new competitive advantage of being environmentally friendly?
- A.
  
  BP Oil
- B.
  
  Toyota
- C.
  
  McDonald's
- D.
  
  Muller
Correct Answer
B. Toyota

Explanation
Toyota released the new hybrid car called Prius in 1997

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3.

Which of these are technology innovations of 2010?
- A.
  
  Parrot AR Drone Flying Video Game
- B.
  
  150" plasma HDTV
- C.
  
  Digital photo frames
- D.
  
  Freeview HD recorder
Correct Answer(s)
A. Parrot AR Drone Flying Video Game
D. Freeview HD recorder

Explanation
The Parrot AR Drone Flying Video Game and Freeview HD recorder are both technology innovations of 2010. The Parrot AR Drone is a remote-controlled quadcopter that can be controlled using a smartphone or tablet, combining the fun of flying a drone with the interactivity of a video game. Freeview HD recorder, on the other hand, is a device that allows users to record and store high-definition television broadcasts from Freeview, a digital terrestrial television platform in the UK. Both of these innovations were introduced in 2010 and brought new and exciting technological advancements to the market.

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4.

Which of these are benefits to a business when buying new technology?
- A.
  
  Higher efficiency
- B.
  
  Low initial costs
- C.
  
  Increased output
- D.
  
  Less human error
- E.
  
  Higher maintenance and repair costs
Correct Answer(s)
A. Higher efficiency
C. Increased output
D. Less human error

Explanation
When a business invests in new technology, it can experience higher efficiency because the new technology is designed to streamline processes and automate tasks. This can save time and resources, ultimately leading to increased productivity and output. Additionally, new technology often reduces the likelihood of human error, as it can perform tasks with greater accuracy and precision. However, it is important to note that while new technology can offer these benefits, it may also come with higher maintenance and repair costs in the long run.

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5.

New innovations can be destructive as well as beneficial to business
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
Businesses that don't innovate successfully won't survive over those that do

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6.

Can you distinguish between an invention and an innovation?
7.

Guess what range of innovation projects were judged to have made little, if any, contribution to achieving the objectives of a business
- A.
  
  50-90%
- B.
  
  0-5%
- C.
  
  95-99%
- D.
  
  10-20%
Correct Answer
A. 50-90%

Explanation
Innovation projects that are judged to have made little, if any, contribution to achieving the objectives of a business would fall within the range of 50-90%. This suggests that these projects have not been successful in significantly impacting the business's goals and outcomes. The range indicates that there is some level of contribution, but it is not substantial enough to be considered effective or impactful.

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8.

The R & D department is nowadays of no importance in business because the amount of competition, production processes and methods are on the decline.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The statement is false because the R&D department is still of great importance in business. While competition may be increasing, this actually makes it even more crucial for companies to invest in research and development in order to stay competitive. Additionally, advancements in technology and changes in consumer preferences require businesses to constantly innovate and improve their production processes and methods, making the R&D department essential for driving these improvements.

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Current Version
Mar 22, 2023

Quiz Edited by
ProProfs Editorial Team
Sep 23, 2010

Quiz Created by
Jessicaorrey

The Advantages And Disadvantages Of Innovation And ‘r & D’

Innovation could be described as a new invention, a discovery or a change in a process.

Which business in 1997 became innovative by introducing a new competitive advantage of being environmentally friendly?

Which of these are technology innovations of 2010?

Which of these are benefits to a business when buying new technology?

New innovations can be destructive as well as beneficial to business

Can you distinguish between an invention and an innovation?

Guess what range of innovation projects were judged to have made little, if any, contribution to achieving the objectives of a business

The R & D department is nowadays of no importance in business because the amount of competition, production processes and methods are on the decline.