6. Schumpeters theory from its beginning in 1912 stressed the importance of which of the following in the innovative process?

		Government investment in R & D
		The educational support system
		The individual entrepreneur
		Availability of private capital

7. A patentable invention is defined as which of the following?

		A new product or process which generates revenue for its inventor
		A new product or process which can be applied industrially
		Any product or process that advances science
		An idea that improves society

8. Which of the following is not a means of technology diffusion?

		Technology licensing
		FDI
		In-house R&D
		Collaborative R&D

9. All but which one of the following would be classified as an innovation?

		A new way of communicating with customers
		A new way of organizing an assembly line
		A new executive team to run the company
		An new marketing tool