The development of a new venture based on an inventor’s work often requires ______________

Entrepreneurship Management

291. Which of the following is correct?

1. All ideas leading to innovation must go through the process of incubation.
2. All ideas leading to innovation must develop a prototype.
3. Both (a) and (b) are false.
4. Both (a) and (b) are correct.

Correct answer: (B)
All ideas leading to innovation must develop a prototype.

292. The development of a new venture based on an inventor’s work often requires ______________

1. Expertise of an entrepreneur
2. Heavy investment from financers
3. Skilled Human resources
4. Highly educated staff

Correct answer: (A)
Expertise of an entrepreneur

293. Which of the following is correct?

1. “naïve perception” helps in improving our ability to see more things around us.
2. “naïve perception” helps in improving our ability to implement the idea.
3. “naïve perception” helps in creating harmonious environment for innovation.
4. All of the above

Correct answer: (A)
“naïve perception” helps in improving our ability to see more things around us.

294. Which of the following is not a characteristics of frugal innovation?

1. Reducing complexity of a product
2. Removing nonessential features of a product
3. Reducing cost of a product
4. Improving quality of a product

Correct answer: (D)
Improving quality of a product

Entrepreneurship Management , Entrepreneurship Management MCQs , MCQs With Answers

Saturday, August 13, 2022

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