IBA Quiz Week 41

All 4 P’s : person, process, product, press; multiple components must converge for creativity occur. 

This sentence is the explanation of one of the approaches of origins of creativity in psychology. What approach is this? 

• 1. Socio personality approaches 

• Confluence approaches

• Pragmatic approaches

• 4. Psychodynamic approaches 

In the article ‘Age and innovation’, the central research question is: ‘Is there a relation between age and innovation?’, but evidence is conflicting because some studies find a positive effect, a negative effect or a “hump shape” effect.
What is not the reason of this result?  

• 1. Patents are often group work, so we cannot decide the individual level of each person. 

• 2. Firm or occupation-specific experience drives productivity rather than age 

• With age increasing there is a decline in cognitive abilities and motivation

• Age effect on workforce innovation

Innovation is ‘the adoption of an idea or behaviour that is new to the organization’s industry, market or general environment.’ (Daft et al., 2014, P. 424) 

What is the correct order of innovative work behaviour? 

• Idea generation -> idea promotion -> idea implementation

• 2. Idea promotion -> idea generation -> idea implementation 

• 3. Idea generation -> idea implementation -> idea promotion 

• 4. Idea promotion -> idea implementation -> idea generation 

According to the article by Frosch, which statement about the relationship between age and innovation is accurate? 

• 1. Innovative performance consistently increases with age across all fields. 

• Knowledge-intensive fields tend to favour younger workers for innovative performance

• Experience-based fields experience more innovation in the younger workers

• 4. The quality of invention tends to decrease as workers get older. 

How does workforce age composition relate to innovation at the firm level?

• Workforce age composition has a direct positive correlation with innovation.

• Workforce age composition is irrelevant to innovation

• Workforce age composition negatively affects innovation

• The relationship between workforce age composition and innovation is inconclusive

What does the study by Veen and Backes-Gellner (2009) suggest about the impact of age diversity on innovative performance in knowledge-intensive and innovative sectors? 

• Age diversity in the workforce has no impact on innovative performance.

• Age diversity in the workforce has a positive impact on innovative performance.

• Age diversity in the workforce has a negative impact on innovative performance. 

• Age diversity in the workforce has a mixed impact on innovative performance depending on the sector.

How does an extraordinary workspace influence the creativity of employees?

• an extraordinary workspace positively influences the creativity of employees

• an extraordinary workspace negatively influences the creativity of employees

• workspace is irrelevant for the creativity of employees

• the effect of the workspace on the creativity of employees is inconclusive

During the COVID-19 pandemic, there was a massive number of improvement in young investors who put their money in the investment market. According to Bank of America, 75% of US investors aged up to 42 now choosing alternative financial investments, such as cryptocurrencies, real estate, private equity, and commodities. Moreover, CNBC research shows that 47% of Millennial millionaires had invested at least half of their funds in digital currencies, such as cryptocurrency. On the other hand, 83% of the older investors were not interested in cryptocurrency because of the high-risk investment scheme.
Based on the Frosch literature review, why do you think young investors prefer to choose cryptocurrency rather than a normal stock exchange

• 1. Cryptocurrency offers high risk and high return 

• 2. Young investors in their early forties have advance-technology knowledge 

• 3. Young investors in their early forties have experience-based knowledge that useful for trading cryptocurrency 

• Young investors in their early forties have creativity