Technological Innovation Quiz

What does technological innovation help to develop?

• Novel solutions to existing problems or emerging needs.

• Traditional methods without change.

• Redundant processes.

• Outdated technologies.

What is an example of a technology innovation surrounding popularity mentioned in the text?

• Virtual reality headsets

• Likes, views, and monetization

• Renewable energy sources

• Autonomous vehicles

What is an example of positive competition mentioned in the text?

• Samsung

• Google

• Apple

• Microsoft

What is one of the negative effects of competition mentioned in the text?

• Increased market share

• Higher quality products

• Subpar products being released to beat a rival

• More customer satisfaction

How can governments foster innovation according to the document?

• By buying it, reducing its risk, collaborating on it, and using standards or regulations

• By ignoring it, increasing its risk, avoiding collaboration, and removing regulations

• By buying it, increasing its risk, avoiding collaboration, and using standards or regulations

• By ignoring it, reducing its risk, collaborating on it, and removing regulations

What did the Japanese do with the production lessons learned from the American auto industry?

• They ignored them.

• They made products that were less durable.

• They expanded on them to make highly durable products.

• They stopped producing autos.

What is the ISS not owned by?

• One single nation

• Europe

• The United States

• Russia

What does the text suggest about the relationship between globalization and innovation?

• Globalization reduces innovation.

• Globalization has no effect on innovation.

• Globalization drives innovation.

• Globalization limits the spread of ideas.

Which of the following is a benefit of validating ideas through investment and funding?

• Reducing the number of products

• Creating market advantages

• Increasing taxes

• Limiting market access

How do investment and funding help in attracting talent?

• By reducing the number of employees

• By providing financial resources

• By increasing taxes

• By limiting market access