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UST Technopreneurship Module 1 Quiz

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Questions and Answers

What term is used to describe the phenomenon where products tend to become obsolete over time?

Creative Destruction (correct)

Innovative Evolution

Product Obsolescence

Technological Erosion

What is one of the economic impacts of technopreneurship?

Reducing Job Opportunities

Increasing Unemployment Rates

Causing Economic Recession

Fostering Job Creation (correct)

How does technopreneurship impact society?

By increasing societal challenges

By making daily lives easier (correct)

By creating more hurdles in daily tasks

By making daily lives more complicated

How does technopreneurship positively impact larger firms?

By positively impacting the effectiveness of other firms Signup and view all the answers

Which of the following services is NOT provided by technopreneurship?

Healthcare services Signup and view all the answers

What percentage of the adult population are established business owners engaged in early-stage entrepreneurship?

3.4% Signup and view all the answers

What distinguishes an entrepreneur from a technopreneur?

An entrepreneur invests in bringing ideas to life using technology Signup and view all the answers

What type of products does Tesla design and manufacture?

Electric vehicles, battery energy storage, solar panels, etc. Signup and view all the answers

What term best describes an individual who invests resources to bring an idea to life?

Entrepreneur Signup and view all the answers

What is the key characteristic of a technopreneur?

Utilization of technology to provide innovative solutions Signup and view all the answers