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

Approved & Edited by ProProfs Editorial Team
The editorial team at ProProfs Quizzes consists of a select group of subject experts, trivia writers, and quiz masters who have authored over 10,000 quizzes taken by more than 100 million users. This team includes our in-house seasoned quiz moderators and subject matter experts. Our editorial experts, spread across the world, are rigorously trained using our comprehensive guidelines to ensure that you receive the highest quality quizzes.
Learn about Our Editorial Process
| By Jessicaorrey
J
Jessicaorrey
Community Contributor
Quizzes Created: 1 | Total Attempts: 1,214
Questions: 8 | Attempts: 1,215

SettingsSettingsSettings
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.

    Rate this question:

  • 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

    Rate this question:

  • 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.

    Rate this question:

  • 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.

    Rate this question:

  • 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

    Rate this question:

  • 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.

    Rate this question:

  • 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.

    Rate this question:

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Sep 23, 2010
    Quiz Created by
    Jessicaorrey
Back to Top Back to top
Advertisement
×

Wait!
Here's an interesting quiz for you.

We have other quizzes matching your interest.