World of Business Reading Quiz Questions Modules 5-7 With 100% Correct Answers 2024

World of Business Reading Quiz Questions Modules 5-7 With 100% Correct Answers 2024 According to the Economist blog entitled "What disruptive innovation means," which of the following is the definition of disruptive innovation used by Mr. Christensen? a) innovations that disrupt the current production process b) innovations that drastically change the current technology c) innovations that create new markets by discovering new categories of customers d) all of these answer choices - answerinnovations that create new markets by discovering new categories of customers According to the article entitled "The Myth of the Just Price", in order for prices in a society to be truly just (i.e. - the concept of just price is fully implemented within a society), the following must occur: (a) individuals intentionally reducing their economic liberties (b) economic prosperity (c) a command economy (d) none of these answers are correct - answernone of these answers are correct According to the article entitled "The Myth of the Just Price", the complete definition of the just price is: (a) a price that the buyer is willing to buy a good/service (b) a price that the supplier is willing to sell a good/service (c) any price agreed upon between a willing buyer and a willing seller (d) none of these answer choices - answerany price agreed upon between a willing buyer and a willing seller According to the "Christensen: Disruptive innovation and creative destruction" video, does Mr. Christensen assert there is a connection between disruptive innovation and creative destruction? (a) Yes; creative destruction can take place inside a corporation as long as the corporation forms a new business unit. (b) No; there is no connection between disruptive innovation and creative destruction. (c) No; the video doesn't address the connection between disruptive innovation and creative destruction. (d) Yes; creative destruction can take place inside a corporation as long as the corporation implements the disruptive technology immediately. - answerYes; creative destruction can take place inside a corporation as long as the corporation forms a new business unit. In the article entitled "Creative Destruction," what industry does the author use to demonstrate creative destruction? (a) farming (b) banking (c) oil production (d) transportation - answertransportation According to the article entitled "The Myth of the Just Price", which of the following was an example the author used to demonstrate government intervention? (a) the placing of tariffs on the imports of sugar (b) the passing of price gouging laws (c) the raising of the minimum wage (d) all of these answer choices - answerall of these answer choices According to the article entitled "Creative Destruction," which of the following does the author believe fuels creative destruction