Question 1

1 points

Save

Businesses that depend heavily on venture capital funding____.

		find that the ownership share of the entrepreneur-owners is diluted
		typically borrow money from the venture capitalists
		are usually given latitude to manage their business without input from the venture capitalists
		must structure themselves as C-corporations before they can accept venture capital investments

Question 2

1 points

Save

Debt financing dilutes the equity share of entrepreneur-owners.

	True
	False

Question 3

1 points

Save

Research shows that when venture capitalists attempt to determine whether a venture is worthy of their support, they focus on two things. One is the capabilities and experience of the core business team, and the other is:

		the amount of cash the venture holds
		whether the venture is being launched in an established market
		the number of years since the venture was launched
		the thoroughness and overall quality of the business plan

Question 4

1 points

Save

Which of the following statements expresses a general truth about innovation?

		If I come up with new ways of doing things, I am sure to beat my competitors
		If it aint broke, dont fix it (no need to innovate)
		If you have a great invention, dont expect the world to beat a path to your door
		The best innovative solutions are those that outperform competitor products

Question 5

1 points

Save

Process innovation does not focus on:

		reducing production costs
		speeding production
		establishing new products to penetrate new markets
		improving production quality

Question 6

1 points

Save

An important way that large, well-established companies can take advantage of disruptive technologies is:

		to purchase smaller companies that have pioneered disruptive technologies and are now earning a decent living from them
		to invest heavily in disruptive technologies
		to invest only in disruptive technologies that are guaranteed to be winners
		to invest primarily in sustaining technologies

Question 7

1 points

Save

For a society to establish strong technological capabilities, it must invest heavily in science.

	True
	False

Question 8

1 points

Save

The creative problem-solving technique called attribute analysis tries to force people to think divergently by requiring them to assign unusual attributes to objects that are not normally associated with them.

	True
	False

Question 9

1 points

Save

For an invention to qualify to be patented, it must pass three tests of patentability. Which of the following is not one of the three tests?

		The invention must be useful
		The invention must have scientific roots
		The invention must be novel
		The invention must not be obvious

Question 10

1 points

Save

If Ajax Enterprises hold a French patent for a technology, and no other patent, then John Jones of the USA:

		is infringing on the patent if he produces the technology in his Chicago factory
		is not legally able to sell the technology in the USA
		would not be able to export the technology to France legally without Ajaxs authorization
		would not be able to use the technology in the USA for his own purposes