Entrepreneurship Management
251. What is not an essential condition to obtain patent?
- Novelty
- Non obviousness
- Theory development
- Industry application
Correct answer: (C)
Theory development
252. What is the normal life a patent?
- 10 years
- 20 Years
- 25 Years
- There is no fixed life.
Correct answer: (B)
20 Years
253. Which of the following is correct?
- A Patent gives universal protection.
- A Patent is a territorial protection.
- A Patent is specific to an industry.
- A patent is specific to an application.
Correct answer: (B)
A Patent is a territorial protection.
254. Which of the following is not a form of intellectual property?
- Patent
- Copyright
- Cash in hand
- Geographical Indicator
Correct answer: (C)
Cash in hand
255. The typical ______________ has a climate and reward system that favor conservative decision making.
- Entrepreneurship culture
- Corporate culture
- Intrapreneurial culture
- None of the above
Correct answer: (B)
Corporate culture
256. Which of the following is correct?
- Mind-set is the biggest barrier in the process of innovation.
- External environment is a major barrier in the process of innovation.
- “Many of us feel that innovation is not my cup of tea” – this is a major challenge in the process of innovation.
- All of the above
Correct answer: (D)
All of the above
257. Which of the following is not a characteristics of systems thinking approach?
- Point of leverage is to be identified.
- It uses concept of silver bullet.
- Theory of constraints is best suited for systems thinking.
- None of the above
Correct answer: (D)
None of the above
258. Which of the following is not correct with respect to “concept of challenge book”?
- It helps in creating a template for recording various observations.
- It helps in getting a readymade list of various problems which require innovative solution.
- It is a record of impact created by different innovations.
- None of the above
Correct answer: (C)
It is a record of impact created by different innovations.
259. Which of the following is a possible assumption to be validated in an experiment in the process of innovation?
- Indian customers would enjoy buying product on line.
- Indian customers would enjoy movies depicting India mythological characters.
- Indian customers would pay for an email service for high level of data security.
- All of the above
Correct answer: (D)
All of the above
260. Who is not needed in developing participation for innovation in the organizations?
- Role Model
- Catalyst
- Investor
- Customer
- Only (iv)
- Only (iii) and (ii)
- Only (iii) and (iv)
- Only (i)
Correct answer: (C)
Only (iii) and (iv)