NETW 583/ NETW583 Final Exam MCQs Test Bank_VERY CORRECT

Question 1.1. (TCO A) The relationship between speed of innovation and product obsolescence is (Points : 5) *direct (as innovation speed increases, products become obsolete more quickly). inverse (as innovation speed increases, products become obsolete more slowly). indirect (there is an effect, but it cannot be directly determined). nonexistent (there is no relationship at all). Question 2.2. (TCO A) While rapid innovation often benefits society, it often makes success for companies (Points : 5) *more complicated as they strive to keep up with the latest innovations. profitable as long as they do not innovate themselves, but rather use innovations of others to their advantage. easier since innovation always makes things simpler. less likely because customers will not be willing to pay as much for goods and services. Question 3.3. (TCO B) The scientists at Gerusa are former award-winning Soviet scientists who have all focused their attention on a cancer treatment. Working together, they have come up with remarkable solutions. The knowledge base they have (Points : 5) is explicit. is easily imitable. *is socially complex. has a low degree of appropriability