13. Product development process has stages.

a): 3 b): 5 c): 7 d): 9

14. Business angels provides resources and support for the generation of spin-out firms.

a): Yes b): No

15. Entrepreneurship is not just simply an individual act, driven by psychology, but also a profoundly social process.

a): True b): False

16. There are _______ factors influencing new product success.

a): 4 b): 6 c): 8 d): 10

17. Diffusion is the process by which a focal innovation is adopted by a focal social system or market segment, and includes the rate and direction of change.

a): True b): False 18. There are potential sources of initial funding for creating a new venture.

a): 3 b): 6 c): 9 d): None of the above

19. Innovation is hindered by trust and openness.

a): True b): False

20. Leadership and organization of innovation are much more than a set of processes, tools and techniques.

a): Yes b): No

Please give explanation