Innovations That Involve Significant Technological Breakthroughs and Create New Knowledge

question 74

Multiple Choice

Innovations that involve significant technological breakthroughs and create new knowledge:

• A) build incrementally on the firm's existing technologies and knowledge.
• B) are the most common type of innovation.
• C) involve substantial uncertainty and risk.
• D) typically have clear market opportunities.

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Definitions:

Property Right

A legal right or interest in a property that allows the holder to use, modify, or transfer the property within the bounds of the law.

Federal Government

refers to the national government of a country, which is responsible for governing the country as a whole, as opposed to state, provincial, or local governments.

Clean Water Act

In environmental law, a federal statute that sets requirements for limiting the pollution of the nation’s water sources according to a schedule, based on the most effective technology currently available.

Pollutants

Substances that contaminate the environment, causing harm or discomfort to living organisms.