With Respect to Innovation, Which of the Following Statements Is

question 69

Multiple Choice

With respect to innovation, which of the following statements is true?

• A) The utilization rate of existing plant and equipment and its durability are independent of the pace of innovation.
• B) Innovation is often endogenous to the economic system.
• C) The principal incentive to innovation does not appear to be related to profits.
• D) Government policy cannot influence the rate of innovation.
• E) Innovation is exogenous to the economic system.

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Definitions:

Job Performance

The quantity and quality of task accomplishment by an individual or group.

Quantity and Quality

Two dimensions used to evaluate performance or output, where quantity refers to the amount produced and quality to the standard of the finished product.

Organisational Outputs

The results or products that come as a consequence of the operations and processes of an organization.

Vertical Loading

A management technique that involves giving employees more responsibility and authority, enhancing their job role.