Managing Innovation Quiz 1
Part 1 of 2 - True & False 17.0 Points
Question 1 of 40 1.0 Points
Practically all innovative ideas become successful products.
True
False
Question 2 of 40 1.0 Points
Flexible manufacturing technologies have increased the importance of production economies of scale.
True
False
Question 3 of 40 1.0 Points
Innovation and new technology have caused the product life cycle to become longer as better quality products are being produced.
True
False
Question 4 of 40 1.0 Points
The rate of economic growth can be accounted for entirely by growth in labor and capital inputs.
True
False
Question 5 of 40 1.0 Points
A firm that innovates quickly will not be able to penetrate as many market segments as its competitors.
True
False
Question 6 of 40 1.0 Points
Flexible manufacturing technologies have enabled firms to produce a wider variety of product models to better meet the needs of diverse customer segments.
True
False
Question 7 of 40 1.0 Points
If an idea can be shown to be technologically feasible, it is guaranteed to be commercially successful.
True
False
Question 8 of 40 1.0 Points
There is no relationship between the globalization of markets and the importance of innovation.
True
False
Question 9 of 40 1.0 Points
Flexible manufacturing technologies can help companies develop a wider variety in their product lines to promote to various market segments.
True
False
Question 10 of 40 1.0 Points
Technology’s effects on society are always positive.
True
False
Question 11 of 40 1.0 Points
Flexible manufacturing technologies have made shorter production runs less economical and increased the importance of production economies of scale.
True
False
Question 12 of 40 1.0 Points
Technology in its purest form is not knowledge, but rather faith that things will get better.
True
False
Question 13
Question 1 of 40 1.0 Points
Practically all innovative ideas become successful products.
True
False
Question 2 of 40 1.0 Points
Flexible manufacturing technologies have increased the importance of production economies of scale.
True
False
Question 3 of 40 1.0 Points
Innovation and new technology have caused the product life cycle to become longer as better quality products are being produced.
True
False
Question 4 of 40 1.0 Points
The rate of economic growth can be accounted for entirely by growth in labor and capital inputs.
True
False
Question 5 of 40 1.0 Points
A firm that innovates quickly will not be able to penetrate as many market segments as its competitors.
True
False
Question 6 of 40 1.0 Points
Flexible manufacturing technologies have enabled firms to produce a wider variety of product models to better meet the needs of diverse customer segments.
True
False
Question 7 of 40 1.0 Points
If an idea can be shown to be technologically feasible, it is guaranteed to be commercially successful.
True
False
Question 8 of 40 1.0 Points
There is no relationship between the globalization of markets and the importance of innovation.
True
False
Question 9 of 40 1.0 Points
Flexible manufacturing technologies can help companies develop a wider variety in their product lines to promote to various market segments.
True
False
Question 10 of 40 1.0 Points
Technology’s effects on society are always positive.
True
False
Question 11 of 40 1.0 Points
Flexible manufacturing technologies have made shorter production runs less economical and increased the importance of production economies of scale.
True
False
Question 12 of 40 1.0 Points
Technology in its purest form is not knowledge, but rather faith that things will get better.
True
False
Question 13