Do you think you know enough to take up this trivia quiz on entrepreneurship and innovation? Entrepreneurs are people who come up with ideas that are designed to produce goods and services that fill a gap within the market. This is mostly done by them being innovative using the available resources. Take up the test below and get to refresh your memory on the topic and how to make your products and services bring in profits.
Implementation
Preparation
Illumination
Verification
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False
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Is willing to attempt to implement a business concept and then give up if it does not meet immediate expectations.
Understands the process of developing an idea and does not need to understand what it means to bring that idea to a viable business concept.
Knows that the concept they are about to develop will result in profitable business.
Creates a new business concept for the purpose of achieving profit and growth by assembling the necessary resources to capitalize on identified opportunities.
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False
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Trademark
Patent
Copyright
Service mark
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False
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Growth of blue-chip corporations
Development of Pacific Rim countries
Entrepreneurial spirit
Additional employment opportunities offered by government institutions
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False
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creativity, innovation, and profit
The ability to win over the consumer
Creativity, innovation, and application in the marketplace
Intellectual property rights
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False
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Validating the idea as accurate and useful
Possibly conducting experiments, running simulations, and test marketing a product or service
Possibly asking questions such as "will it work?" and "is it really a better solution?"
All of the above
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False
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Prestige
Risk
Financing opportunities
Short-term potential
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Divergent; convergent
Convergent; divergent
Convergent; transformational
None of the above
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Entrepreneurship
innovation
Creativity
Creative thinking
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Implementation
Preparation
Illumination
Verification
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Brainstorming
Mind mapping
Prototyping
Group think
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False
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False
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JIT
RP
TQM
TRIZ
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Force-field analysis
TRIZ
Brainstorming
Mind mapping
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Software, choreography, and motion pictures
Symbols, names, and designs
Text and verbiage of any kind
Slogans and designs
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False
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25
50
70
90
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Left-brained
Right-brained
Systematic
Logical
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False
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44
25
19
31
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Do something totally unrelated for a while
Relax and play regularly.
Work on the problem or opportunity in a different environment.
Don't allow one's self to daydream.
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Quiz Review Timeline (Updated): Sep 12, 2023 +
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