1.

Developing and using devices and systems to move people and cargo from an origin point to a
destination.

TRANSPORTATION TECHNOLOGY

2.Developing and using devices and systems to promote health and cure illnesses.

(2 Points)

MEDICAL TECHNOLOGY

3.Requires organizations to identify which of their processes, products or services could be improved to
boost the company’s profitability. Innovation in this case could refer to forming new partnerships,
outsourcing specific tasks or implementing new technologies.

(2 Points)

BUSINESS MODEL INNOVATION

4.A person who establishes an enterprise with the aim of solving social problems or effecting social
change.

(2 Points)

SOCIAL ENTREPRENEUR

5.The process of recognizing and resourcefully pursuing opportunities to create social value.

(2 Points)

SOCIAL ENTREPRENEURSHIP

6.The use of techniques by start up companies and other entrepreneurs to develop, fund and implement
solutions to social, cultural or environmental issues.

(2 Points)

SOCIAL ENTREPRENEUR

7.Developing and using devices and systems to promote health and cure illnesses.

(2 Points)

MEDICAL TECHNOLOGY

8.A crime of lying or pretending. Some businesses mislead consumers and trick them to buy their
products or services.
(2 Points)

FRAUD

9.Similar to scientific investigation. Both processes rely on evidence and reason, and follow a logical
sequence of steps to solve problems or answer questions.

(2 Points)

TECHNOLOGICAL DESIGN

10.A type of accounting fraud, happens when an accountant or senior executive creates false accounts
and redirects money into them for personal gain. Business owners rely on outside accountants, auditors,
to check and report on the validity of financial records.

(2 Points)

EMBEZZLEMENT

11. Buying or selling shares of a company based on confidential information.

(2 Points)

INSIDER TRADING

12.Arguably the most radical model of business innovation, ambitious organizations can choose to
change industry completely for the purposes of innovation - or even create a whole new industry for
themselves. Indeed, companies can win a new lease of life through industry innovation.

(2 Points)

INDUSTRY MODEL INNOVATION

13.This can involve re-assessing the products or services offered or taking another look at the company’s
pricing strategy. Innovation does not have to be radical, sometimes changing even one element can
yield significant results.

(2 Points)

REVENUE MODEL INNOVATION

14.Are material (tangible) objects that have been designed by people and developed through
technological practice to serve particular functions.

(2 Points)

TECHNOLOGICAL PRODUCTS
15.Developing and using devices and systems and processes to convert materials into products in a
factory.

(2 Points)

MANUFACTURING TECHNOLOGY

16.Identify and briefly discuss the steps in New Technological Product Development and Design.

(16 Points)

Enter your answer

17.Identify and briefly discuss the types of Social Entrepreneurship.

(15 Points)

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