Which of the Following Is a Difference Between Innovation and an Invention

question 1

Multiple Choice

Which of the following is a difference between innovation and an invention?

• A) Innovation is the combination of new or existing ideas, whereas an invention is a completely new concept or product.
• B) Innovations necessarily build on new inventions, whereas inventions do not necessarily build on innovations.
• C) A new invention is the commercialization of innovation, whereas the vice versa is not true.
• D) Innovation is the creation of a product for the first time, whereas invention is the improvement of an existing product.

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Definitions:

Risk Acceptance

is a decision to acknowledge the potential for loss, harm, or adverse effects and proceed with a planned action despite the risks.

Potential Risk

Refers to the possibility of an event or condition that could lead to a negative impact on objectives.

Operating

Refers to the activities involved in the day-to-day functions and management of an organization.

Ransomware

Malware that encrypts a victim's files, with the attacker then demanding a ransom from the victim for the decryption key.