Ch. 5 Test Review Questions and Answers

Where do entrepreneurs look to find new ideas?
Entrepreneurs find their new ideas by looking at everything and trying to think of a way it can be improved or of something to improve it. For example, someone looked at their IPhone and said that it needs a stand for a car where it will be easy to see and utilize the GPS app to its full potential.

Where do experienced business people get information?
Experienced people get their information from past problems, researching, and previous clients or business partners. Due to their experience they would know how to research anything and find their answers quicker than a new business person. If they know someone from previous experience they may be able to get the knowledge they are looking for from that previous client or partner.

What is the difference between invention and innovation?
The difference between an invention and innovation is that an invention is something new, whereas an innovation is something they added to an invention to improve it.

How do people protect their ideas?
People can protect their ideas by only letting someone they trust see all the steps and materials needed in order to make their idea into reality. Though, sometimes they won't tell anyone other then themselves and maybe a lawyer.

Define the following: lateral thinking, trademark, brainstorming, patent, right brain, intellectual property, left brain.

• Lateral Thinking: a form of thinking where you find another approach that is more creative and not immediately thought of.
• Trademark: A legally obtained and protected phrase, logo, word that represents a particular company or product. 
• Brainstorming: A method used to produce or expand an idea.
• Patent: A legal/government document that states for a set period of time that the rights or title of an invention belongs to a person or corporation and cannot be made and sold by somebody else.
• Right Brain: The right side of the brain that is believed to be more creative in thoughts and emotions.
• Intellectual Property: The work and invention of something to which someone would apply for a patent, copy right, trademark, etc. for security.
• Left Brain: The left side fo the brain which is believed to be intellectual and analytical.

List the six thinking hats and their modes of thinking discussed in class.

1. White: Data and information.
2. Red: Feelings, intuition, and emotion.
3. Yellow: Positive views; optimism. 
4. Black: Caution.
5. Green: Creative thinking and provides new ideas.
6. Blue: Process control.

What are more ways to generate ideas?More ways to generate ideas is to try and find inspiration before you try to think of something. This will increase the chances of thinking of something due to it causing your determination to kick in. Also, you can ask people you know about stuff they want to be made. These will help provide you with a stepping stone to what you want to do or create.

Find 10 brain teasers or problem solving exercises to share with the class. Give the brain teaser along with the answer. Challenge your neighbor. 

1. Which creature walks on four legs in the morning, two legs in the afternoon, and three legs in the evening? Man. He crawls on all fours as a baby, then walks on two feet as an adult, and then walks with a cane as an old man.
2. What gets wetter and wetter the more it dries? A towel.
3. Paul's height is six feet, he's an assistant at a butcher's shop, and wears size 9 shoes. What does he weigh? Meat.
4. If you have me, you want to share me. If you share me, you haven't got me. What am I? A secret.
5. The day before yesterday I was 25 and the next year I will be 28. This is true only one day in a year. What day is my birthday? He was born on December 31st and spoke about it on January 1st.
6. How can you throw a ball as hard as you can and have it come back to you, even if it doesn't bounce off anything? There is nothing attached to it, and no one else catches or throws it back to you. Throw the ball straight up in the air.
7. A man who lives on the tenth floor takes the elevator down to the first floor every morning and goes to work. In the evening, when he comes back; on a rainy day, or if there are other people in the elevator, he goes to his floor directly. Otherwise, he goes to the seventh floor and walks up three flights of stairs to his apartment. Can you explain why? The man is of short stature. He can't reach the upper elevator buttons, but he can ask people to push them for him. He can also push them with his umbrella. 
8. A man accused of a crime, hired an attorney whose statements were always admitted by the court as undisputable truth. The following exchange took place in court.
   Prosecutor: "If the accused committed the crime, he had an accomplice."
   Defender: "That is not true!"
   Did the attorney help his client?
   The statement of plaintiff is a lie only if the hypothesis (or antecedent) is true and conclusion (or consequent) is not true. So the solicitor did not help his client at all. He actually said that his client was guilty and there was no accomplice.
9. What kind of tree can you carry in your hand? A palm.
10. Feed me and I live, yet give me a drink and I die. Fire.