According to the Textbook, Which of the Following Is the Best

question 79

Multiple Choice

According to the textbook, which of the following is the best explanation of Joseph Schumpeter expression 'creative destruction'?

• A)It is innovation that incorporates the added variables of environmental and social impacts.
• B)It is the process of transformation that accompanies radical innovation.
• C)It is the ability to combine ideas in a unique way or to make unusual associations between ideas.
• D)It is the process of taking a creative idea and turning it into a useful product, service or work method.
• E)It is a financial industry benchmark for determining, assessing and managing social and environmental risk in project financing.

---

Definitions:

Temporary

Lasting for a limited period of time; not permanent or enduring.

Physiological

Related to the functions and activities of living organisms and their parts, including all physical and chemical processes.

Temporary

Something not permanent or lasting only for a limited period of time.

Nomothetic Laws

General principles or laws that apply to a wide range of individuals or phenomena, often used in psychology to identify universal traits or behaviors.