A Group of Intrapreneurs Who Are Separated from the Normal

question 5

Multiple Choice

A group of intrapreneurs who are separated from the normal operation of an organization in order to develop new products with a relatively brief development time is known as a(n)

• A)product champion.
• B)innovator.
• C)skunkworks.
• D)satisficer.

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Definitions:

Economic Efficiency

The optimal distribution of resources in society, taking into account all benefits and costs.

Government Failures

Occur when government intervention in the economy leads to inefficiencies, misallocation of resources, or negative outcomes contrary to the intended goals.

Market Failures

Situations where the allocation of goods and services by a free market is not efficient, often justifying government intervention.

Economic Activities

Actions that involve the production, distribution and consumption of goods and services at all levels within a society.