A tendency towards disorder or randomness is called: a. Homeostasis b. Cybernetics c. Entropy d. Multifinality ANSWER C
Date: September 9th, 2020
There are circumstances where a prize may induce research effort better than a patent. Indicate whether the statement is true or false ANSWER T Offering a prize will call attention to the need for a discovery, and thereby attract effort to make the discovery, whereas patents reward individuals who make discoveries and presume the […]
Date: September 9th, 2020
Pre-merger notification requirements make merger policy more like a regulatory process. Indicate whether the statement is true or false ANSWER T Large firms essentially apply for permission to merge, and they are given a good idea of what kinds of mergers might be approved.
Date: September 9th, 2020
________ known is the father of management and famous for his time and motion studies especially in factory production. a. Robert Griffth b. Frederick Taylor c. Anthony Eppes d. John Charles Shelley ANSWER B
Date: September 9th, 2020
Besides rewarding discoveries, patents can also prevent them. Indicate whether the statement is true or false ANSWER T A collection of existing patents can block a discovery that, if accomplished, would allow a breakthrough to still more discoveries.
Date: September 9th, 2020
The concept of improving work methods in the home is known as: a. Satisficing b. Optimization c. Work Simplification d. Re-inventing ANSWER C
Date: September 9th, 2020
Independent, non-monopoly firms have an incentive advantage over monopolies in new-product innovation. Indicate whether the statement is true or false ANSWER F All firms will have similar gains from the discovery of a new product. (There is no commitment, as there may be for new processes.)
Date: September 9th, 2020
The winner-take-all aspect of patent awards elicits a socially optimal research effort. Indicate whether the statement is true or false ANSWER F The race to win may bring haste and wasteful effort. But the race is also difficult to avoid.
Date: September 9th, 2020
Although Thomas Edison invented the lightbulb in 1879, by 1907 only ___ percent of U.S. homes had electricity. a. 8 b. 20 c. 38 d. 50 ANSWER A
Date: September 9th, 2020
In the early 1900s, people were ________ more than decorators. a. Collectors b. Travelers c. Readers d. Media driven ANSWER A
Date: September 9th, 2020
