Invention and Innovation

question 21

Multiple Choice

Invention and innovation

• A)are closely related, so the same ingredients to success are required for both.
• B)are related - but invention requires creativity whereas innovation requires subsequent cross functional collaboration.
• C)are best performed by a single, integrated team.
• D)are a cultural phenomenon which must be inculcated into the entire workforce.

---

Definitions:

Liquidation

The process of winding up a company's affairs by selling its assets to pay off its debts.

Balance Sheet

A statement that illustrates a corporation's liabilities, assets, and shareholders' capital at a specified point in time.

Other Assets

Assets not fitting into the standard categories like current or fixed assets, often including long-term investments, patents, or deposits.

Assets Sold

Items of value or resources owned by a company that have been disposed of or sold to another party.