Quiz - Introduction & Definitions

Innovation can be derived from the latin word "novus", implying that its key characteristic is novelty.

• True

• False

Opposition against innovation is always something negative.

• True

• False

The first innovations in human history appeared in approx. 50 bc in the Roman Empire.

• True

• False

Kondratieff found that there exist long waves of economic development, lasting for approximately 5 years.

• True

• False

Adoption and diffusion share a negative relationship, i.e. the higher the adoption rate, the lower the diffusion rate.

• True

• False

Adoption can be seen as a process.

• True

• False

Postindustrial system innovations are innovations that primarily happen in industrial firms.

• True

• False

UBER can be seen as an example for a business model innovation.

• True

• False

Uncertainty and risk are synonyms.

• True

• False

An imitation is from the subjective view of the imitator an innovation.

• True

• False