International Business Opportunities and Challenges Study Set 1

Business

Quiz 13 :

Harnessing the Engine of Global Innovation

Quiz 13 :

Harnessing the Engine of Global Innovation

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Companies encourage intrapreneurs to propose new ideas and solutions, rewarding them with seed money to develop and grow their ideas.
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True False
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True

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Some companies actively seek patents that they can purchase because they want to speed up their own R&D efforts.
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True False
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True

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Significant differences in property rights around the globe make the world flatter with respect to innovation.
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True False
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False

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Companies undertake R&D in order to develop new products, services, or procedures that will help them grow and expand their operations.
True False
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Government investments in infrastructure that support new technology provide insignificant returns in terms of promoting innovation.
True False
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Some companies obtain patents mainly to license or sell them to others, thus making money from their inventions without having to manufacture or service anything themselves.
True False
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An innovation becomes an invention when people are willing to buy it in high enough numbers that result in benefits for the firm.
True False
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Governments provide tax credit to corporations to encourage them to invest in R&D in their countries.
True False
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A trade secret may relate to technical matters, such as the composition or design of a product, a method of manufacture, or the know-how necessary to perform a particular operation.
True False
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Patents automatically guarantee a favourable decision every time the owner is forced to defend the invention in court.
True False
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It is not mandatory for a company to reveal the details of the invention in order to get a patent.
True False
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In some cases, the lead users even precede a company when it comes to making breakthrough innovations.
True False
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It is Harder to take advantage of foreign countries' knowledge if one is not located there because culture, geography, and secrecy make knowledge Harder to diffuse across international borders.
True False
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Small businesses often find that trademarks and copyrights are an expensive way to protect their products and services.
True False
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A low price product can be highly profitable if the seller is organized to deliver value.
True False
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The system of law related to R&D and innovation is referred to as intellectual property rights.
True False
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A significant amount of innovation yields no new products or services because of R&D failure.
True False
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Defending a patent is relatively inexpensive even entrepreneurs can afford it.
True False
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A government can fund R&D directly, by offering grants to universities and research centers.
True False
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Innovation hubs usually have a specific industry focus.
True False
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