In the Context of Moving from Idea Generation to Opportunity

question 79

Multiple Choice

In the context of moving from idea generation to opportunity recognition,creativity is the ______.

• A)production of ideas that will generate significant economic value
• B)production of ideas for something new but not useful
• C)production of ideas for something that is new and also potentially useful
• D)results of brainstorming with friends and family

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Definitions:

Allocating Risk

The process of identifying and distributing the potential financial, operational, or legal hazards among parties in a transaction or agreement.

Contract Law

A branch of law that deals with agreements between parties, their rights, and obligations.

Consideration

In contract law, consideration refers to something of value exchanged between parties that is necessary for a valid contract.

Binding Contract

A legal agreement between two or more parties that is enforceable by law.