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- 1- The world’s most innovative companies have largely created structures that remove structural barriers. They have established an innovation culture and improved their innovation capability. This refer to a) Process innovation b) Management innovation c) Organizational innovation d) Services innovation 2- If a company has a large variety of processes in the manufacturing and a low volume of jobs then the right type of “Product Process Type” would be…..… a) Project b) Jobbing c) Batch d) Mass 3- The various systems needed to ensure industrial plants operate smoothly to produce goods and services. Within such a system, operators monitor, control, and fix the components that help run everything from power plants to water refineries to manufacturing facilities. a) Process innovation b) New product lines c) Process technology d) Sequential model(Answer in short) 3. What are different innovation concepts which have been unified by the Unified theory of innovation? Segment a typical market within the context in detecting and strategizing disruptive innovation opportunity. 4. Answer following two questions. a. Why are not innovations benign? b. Why are innovations more than Eureka moment?Question 2 (a) Why is education and training rarely provided by firms? What government policies would encourage this provision? (b) Use a model of endogenous growth to explain how encouraging more private investment in education would lead to increased growth rates. Assuming that private agents place less value on future consumption than current consumption, would ever higher growth rates be desirable? (c) Outline the setup of (but do not attempt to solve) an endogenous growth model that incorporates both leisure and consumption in the utility function.
- 31) Given the narrow interpretation of technology, technology will include which of the following? A) how well firms are run B) the organization and sophistication of markets C) the political environment D) none of the above 32) Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run A) the growth rate of output per capita will be greater in B than in A. B) the growth rate of output per capita will be greater in A than in B. C) the capital-labor ratios (K/N) will be the same in both countries. D) the growth rate of output per capita will be the same in both countries. 33) Suppose there are two countries that are identical with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run A) the capital-labor ratio…Defining creativityExplain to the reader what creativity is. Provide a referenced definition. You may want to discuss how this definition is the same as, or different to, some of the many other definitions of creativity.A5. Why does productivity growth in high-income economies not slow down as it runs into diminishing returns from additional investments in physical capital and human capital? Does this show one area where the theory of diminishing returns fails to apply? Why or why not? Write 30 lines for this.
- 4. Disscuss the Theory of Economic Development in the History of Economic Thought perspective and discuss comparisons according to other scholars (neoclassic, classical and keynessian) of economic growth and development.1. ‘China’s economic transformation since the late 1970s has been a process of neoliberalization, and, as such, it has resulted in growth without development.’ Discuss and give arguments coherently.TRUE OR FALSE: 1. With regards to the nation’s economy, population growth rate has a major impact on it. 2. In underdeveloped nations, practically all income is utilized to buy consumer goods, which leaves little, if there’s any, for the savings.
- In the country of Azard, businesses use new smart cell phones to speed up many tasks such as sales recording, inventory checks, purchase orders etc. Which components of growth are recorded here? Question 8 options: Physical capital and technology Human capital and technology Human and physical capital Technology only1. ______________ is a special field of economics which concentrates on the study of countries which are in the process of moving from low levels of income and social progress. A. human development indexB. GDP per capitaC. economic growthD. economic development 2. The following are measures of economic growth except:A. Gross National Product.B. Exchange rateC. Healthy life expectancyD. Interest rate 3. Operating in lean and mean organizational structure signifies:A. Embodied technical progressB. Disembodied technical progress 4. More skilled and computer-relate workforce constitutes:A. Embodied technical progressB. Disembodied technical progress 5. The higher the population of a country:A. The higher it's GDP per capita will often be.B. The lower its GDP per capita will often be C. GDP per capita remains constant.D. Cannot be determined. 6. Innovation and invention signifies: A. Disembodied technical progressB. Embodied technical progress…A) Despite a booming economy and low unemployment rates researchers have often found declining social mobility and growing income inequality. Discuss at least 4 reasons for this outcome. B) What is the relationship between business and society ?Describe ways in which business and society are part of an interactive system.