Offering Inventors Prizes Is a Way of Providing an Incentive

question 31

True/False

Offering inventors prizes is a way of providing an incentive to generate new ideas.

---

Definitions:

Altruism

The selfless concern for the well-being of others without expectation of reward or recognition.

Helping Others

The act of providing assistance, support, or kindness to other individuals without expecting anything in return.

Cost

An amount that must be paid or spent to buy or obtain something, covering a wide range of economic activities from personal finance to business operations.

Risk

The potential for encountering harm or loss when pursuing a particular action.