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Question 1

Critical thinking is the ability to ……………… a healthy skepticism toward any information presented as fact.

Answer 1

develop

Question 2

Which can be a characteristic of critical thinkers?

Answer 2

They distinguish between fact and opinion.

Question 3

………………… defined as the tendency to generate or recognaze ideas, alternatives, or possibilites that may be useful in solving problems, communicating with others, and entertaining ourselves and others.………………… defined as the tendency to generate or recognaze ideas, alternatives, or possibilites that may be useful in solving problems, communicating with others, and entertaining ourselves and others.

Answer 3

creativity

Question 4

Which choice cannot be considered as benefits of critical thinking in the workplace?

Answer 4

cause false decisions.

Question 5

Why are people motivated to be creative?

Answer 5

They need for novel, varied and complex stimulation.

Question 6

The creative process include in step 1: opportunity or problem recognition, in step 2: immersion, in step 3: incubation, in step 4: insight and in step 5:……………………. Fill in the blank please.

Answer 6

verification

Question 7

Persistence, self-confidence, independence, attraction to complexity, tolerance of ambiguity…. Please identify below the person whose characteristics mentioned above?

Answer 7

creative people

Question 8

Which choice represents four types of innovation?

Answer 8

invention-extension-duplication-synthesis

Question 9

………………………. thinking is based on patterns.

Answer 9

Normal

Question 10

Our mind …………………………… incoming information into patterns beginning from a young age.

Answer 10

self-organizes

Question 11

Patterns of information become more rigid: they become …………………………… as we get older.

Answer 11

paradigms

Question 12

Which is not a paradigm characteristic?

Answer 12

It is generative, moving from one concept to another.

Question 13

Which can be a creative thinking characteristic?

Answer 13

it does not attempt to prove anything, just explore and discover

Question 14

……………………………… means to think differently, unconventionally or from a new perspective

Answer 14

outside the box thinking

Question 15

Normal thinking chooses, selects, judges, stable and continues whereas creative thinking generates, does not judge, moves and ………………..?

Answer 15

discontinues

Question 16

Which complete George Bernard Shaw’s quotation? «You see things and you say, Why? but I dream things that never were and I say, ‘…………………………’?

Answer 16

why not

Question 16

It is a type of creativity. It deals with spontaneous creations.

Answer 16

primary

Question 17

It is a type of creativity it aims at finding out improvement in a process so as to improve efficiency.

Answer 17

technical

Question 18

Which completes best the following creative process sequence? Preparation, Incubation, Insight, Evaluation, ……………………………

Answer 18

elaboration

Question 19

Which profession needs creative ideas more?

Answer 19

business managers

Question 20

How does the creative process start?

Answer 20

preparation

Question 21

Successful creations are preceded by investigation and information gathering. It can be achieved by gathering information from journal by attending meeting semiras etc… What stage of creative process is defined above?

Answer 21

preparation

Question 22

…………………… can be described as the discovery of something that is novel but also useful or relavant or economical, value.

Answer 22

creativity

Question 23

Which of the following people cannot be considered creative?

Answer 23

Neil Armstrong

Question 23

Who was discussed this week?

Answer 23

Henry Ford

Question 23

What was Henry Ford famous for?

Answer 23

introduction of Fordist production system in 1910.

Question 24

What was discussed as ways of thinking this week?

Answer 24

six thinking hats

Question 25

Marketplace is driven by emergent technology and new consumer behaviours. In this environment what do CEO and other business leaders need for?

Answer 25

innovation

Question 26

What does white hat refer to?

Answer 26

stating the facts

Question 27

What does green hat refer to?

Answer 27

stating creative ideas

Question 28

What does yellow hat refer to?

Answer 28

stating positive aspects

Question 28

What does black hat refer to?

Answer 28

stating negative aspects

Question 29

What is referred by the term ‘blue ocean’. It is an ……………...

Answer 29

European markets

Question 30

How do companies gain high growth and profit?

Answer 30

by creating new demand

Question 31

What is referred by the term ‘red ocean’

Answer 31

conventional markets

Question 32

According to blue ocean strategy which can not be considered as a path?

Answer 32

look across new competitors

Question 33

What can be an alternative industry for Swatch watches?

Answer 33

fashion

Question 34

What can be an alternative industry for Swatch watches?

Answer 34

glass

Question 35

What do innovations meet according to the innovation sandbox defined by C.K. Prahalad?

Answer 35

4 must conditions

Question 36

If innovations meet 4 must conditions, which suits best for them in the below options?

Answer 36

innovations become products or services of world class quality

Question 37

Which is one of the creative problem solving techniques?

Answer 37

brainstorming

Question 38

Which one is not one of the creative problem solving techniques?

Answer 38

feedback approach

Question 39

………………… can be defined as encouraging group members to spell out maximum number of possible solutions of a specific or stated problem.

Answer 39

brain storming

Question 39

………………… can be defined as understanding a product or process’s components and their associated costs. It is a cost reduction and problem solving technique that analyzes an existing product or service in order to reduce or eliminate any cost that do not contribute to value of performance.

Answer 39

value analysis

Question 40

Which can not be a component of value analysis

Answer 40

operation

Question 40

………………….. refers to collecting the basic information required for the process and various stages at which value addition is possible in process. Please identify the phase/stage of value analysis process stated in the above definition.

Answer 40

orientation/preparation

Question 41

Which can be the best advantage of brain storming?

Answer 41

it brings forth novel and different ideas

Question 42

Brain storming, heuristic, synectics and value analysis are used in creative problem solving? Which one of them is used in group and collective levels to create ideas?

Answer 42

brain-storming

Question 43

A business opportunity, therefore is the chance to do something differently and the better. …………………………. İs the way of doing something differently and better.

Answer 43

innovation

Question 44

What are the production factors? All goods are regarded as being made up of three factors.

Answer 44

nature raw materials, physical and mental labor and capital

Question 45

While ………………… can be defined as an item offered by an organization, …………………………….is an act which is offered to undertake a particular task to solve a praticular problem.

Answer 45

product/service

Question 46

Who offered starting an entrepreneurial venture-either within an established company or as an independent small business should monitor seven sources of innovative opportunity in his book titled as «Innovation and Entrepreneurship»?

Answer 46

Peter Drucker

Question 47

Which innovative opportunity exist in social environment according to Peter Drucker?

Answer 47

demographics

Question 48

Aydın Company is a new venture in Fast Food Industry. They want to gain competitive advantage by using a new brand aiming at young people who constitute a large share in the population. Which innovative opportunity is this company wants to use according to Peter Drucker?

Answer 48

demographics

Question 49

Which is not a theory of innovation?

Answer 49

Okun’s Law

Question 50

What do waves refer to in innovation theories ?

Answer 50

high sectoral growth (expansion) and slower growth (recession) in economy

Question 50

…………………….. is the process where previous innovations are replaced by newer innovations as defined by Joseph Schumpeter. These new innovations cause elimination of older industries.

Answer 50

creative destruction

Question 51

Which technology caused creative destruction for telecommunication industry?

Answer 51

internet

Question 51

………………… willing and able to convert a new idea or invention into a successful innovation. What is defined above (based on Schumpeter’s ideas)

Answer 51

entrepreneur

Question 52

…………………….. systematically searches for change, responds to it and exploits opportunity. What is defined above (based on Peter Drucker’s ideas)

Answer 52

entrepreneur

Question 53

……………………..= creativity + innovation Please complete the formula.

Answer 53

entrepreneurship

Question 54

……………………… is the ability to develop new ideas and to discover new ways of looking at problems and opportunities.

Answer 54

creativity

Question 54

………………… is the ability to apply creative solutions to those problems and opportunities in order to enhance people’s lives or to enrich society.

Answer 54

innovation

Question 55

………………………… defined as the birth of new business within an existing organization, i.e., internal innovation or venturing; and the transformation of organization thorough renewal of the key ideas on wish they are built, i.e. strategic renewal.

Answer 55

corporate entrepreneurship

Question 56

Factory X is operational in the field of iron and steel industry. They want to increase their turnover and assign some of its engineers to research and find ways of establishing new business in the construction industry which they think they can gain competitive advantage. Please find below the type of entrepreneurship defined above.

Answer 56

corporate entrepreneurship

Question 57

Factory X started its new business in the field of construction. They did not transform all their production capacity into the new business field but instead they started an new company. What kind of corporate entrepreneurship is this?

Answer 57

independent business unit

Question 58

Factory X decided to minimize its new business in construction industry they called all their employees to their former positions and created a small business unit in the old factory. What kind of corporate entrepreneurship is this?

Answer 58

special business unit

Question 59

Factory X decided to minimize its new business in construction industry they called all their employees to their former positions and made an aggreement with another company to do their necessary business operations in the field of construction. What kind of corporate entrepreneurship is this?

Answer 59

contracting

Question 60

Critical thinking method to evaluate the strength, weaknesses, opportunities and threats in a project or business venture.

Answer 60

SWOT

Question 61

Which are the internal characteristics of an organization?

Answer 61

strengths and weaknesses

Question 62

Which puts an organizations superior characteristics compared to its rivals?

Answer 62

strengths

Question 62

Which puts an organizations inferior characteristics compared to its rivals?

Answer 62

weaknesses

Question 63

Which states the risks related to an organization’s position in the market?

Answer 63

threats

Question 64

Factory X is in the IT industry. It has several engineers with high technological skills. Where can we position this characteristic?

Answer 64

strengths

Question 64

Factory X is in the IT industry. It has several distribution channels and the organization can use them very efficiently. Where can we position this characteristic?

Answer 64

strengths

Question 65

Factory X is in the IT industry. It has the problem of changing customer tastes. Every year the company spends a lot on desingning new products. Where can we position this characteristic?

Answer 65

threats

Question 65

What is the average R&D spending of countries of their gross domestic product?

Answer 65

2-3%

Question 66

……………………….. is the purposeful and systematic use of scientific knowledge to improve man’s lot even though some of its manifestations do not meet with universal approval (Twiss, 1992)

Answer 66

R&D

Question 67

R&D in Business is critical for marketing. What do R&D activities give organizations?

Answer 67

competitive advantage

Question 67

Which can be the most important R&D industry?

Answer 67

Information and communication technologies (ICT)

Question 68

Which is a high-tech firm that is specialized in transportation and space industry?

Answer 68

Space X

Question 69

Research can be classified as knowledge and concepts, basic research, applied research, development and technical service, physical product. In which one we can finally see the planned product or service?

Answer 69

physical product

Question 69

Why is R&D important for businesses in the competitive markets ?

Answer 69

It is crucial for survival

Question 69

How do universities contribute in R&D work?

Answer 69

They provide fundamental and basic research.