Business and Creativity Quiz

What is a business plan?

• A document that defines a business’s objectives and strategies

• A list of employees in a company

• A summary of a company's past performance

• A financial statement

What does creativity involve?

• The use of imagination or original ideas

• The ability to memorize facts

• The skill of following instructions

• The process of copying others

What is the engineering design process?

• A series of steps to develop a solution to a problem

• A method for writing computer code

• A way to calculate financial risks

• A process for hiring new employees

Who is an entrepreneur?

• One who organizes, manages, and assumes the risks of a business

• A person who only invests in stocks

• An employee who works in a factory

• A manager who oversees a team

What is innovation?

• The introduction of something new

• The repetition of existing ideas

• The removal of outdated products

• The analysis of market trends

What is an invention?

• Something produced for the first time through imagination or ingenious thinking

• A product that has been improved over time

• A service that has been discontinued

• A process that has been simplified

The activity of gathering information to understand the needs of your customer; this research helps to identify the value of the product that is being offered

• Marketing research

• Innovation

• Phase

• Prototype

A writing securing for a term of years the right to exclude others from making, using, or selling an invention

• Pardon

• Prototype

• Patent

• Invention

A distinguishable part in a course, development, or cycle

• Guide

• Phase

• Project

• Market Research

Diego and Zahra have been working on a new mobile application that introduces new methods and is advanced and original. We can say that the app developed by Diego and Zahra is ____________.

• Innovative

• Investor

• entrepreneurs

• margin