Michael Lazaridis Got the Idea for a Wireless Email Device

question 70

Multiple Choice

Michael Lazaridis got the idea for a wireless email device that led him to found Research in Motion,now called BlackBerry,from a conference he attended.At the conference,a speaker was discussing a wireless system Coca-Cola was using that allowed vending machines to send a signal when they needed refilling.Lazaridis saw the opportunity to use the same concept with email communications,and the idea for the smartphone was hatched.This is an example of which innovator DNA trait?

• A) experimenting
• B) associating
• C) observing
• D) networking

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Definitions:

Coase Theorem

A principle in economics that suggests that if there are no transaction costs, parties can bargain privately to resolve conflicts of interest over resource allocation, leading to an efficient outcome.

Clog Dancing

A traditional type of folk dance where dancers wear shoes with wooden soles to produce percussive sounds.

Free-Rider Problem

The free-rider problem occurs when individuals consume a good without paying for it or underpay, benefiting from others' contribution, typically seen in the provision of public goods.

Air Pollution

The presence of harmful or excessive quantities of substances including gases, particulates, and biological molecules in the Earth's atmosphere, causing diseases and environmental damage.