The Generation of a Novel Idea or Approach That Solves

question 66

Multiple Choice

The generation of a novel idea or approach that solves a problem or identifies an opportunity is called:

• A) problem solving.
• B) representative thinking.
• C) creativity.
• D) availability heuristic.

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Definitions:

Seed Division

A segment within a business or organization that focuses on developing new ideas, projects, or business lines from their initial stages.

Fixed Expenses

Costs that do not change with the level of production or sales within a certain range, such as rent and salaries.

Absorption Costing

An accounting method that includes all direct and indirect manufacturing costs in the cost of a product.

Net Operating Income

The income a company makes from its main business activities before subtracting any costs for interest and taxes.