If Each of Us Had to Grow All of Our

question 46

Multiple Choice

If each of us had to grow all of our own food:

• A) civilization would collapse and billions of people would starve.
• B) we would have more time for other pursuits.
• C) people would be richer since they would no longer have to spend money on groceries.
• D) the total amount of knowledge in society would increase since everyone would have to learn about farming.

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Definitions:

Open Innovation

A business model that encourages ideas and innovations to move freely across organizational boundaries, facilitating collaboration and speeding up development.

R&D Groups

Teams or units within an organization dedicated to research and development activities aimed at creating new products, processes, or knowledge.

Communicate

The process of sharing information, ideas, and feelings between individuals or groups through speaking, writing, or other mediums.

Managerial Innovation

The introduction of new management practices, processes, or structures that aim to improve organizational effectiveness.