Likely questions on VTE203(By BreezyMoore)

1)…….:the process of generating novel (new) and appropriate (relevant) ideas.

Ans :Creativity
Note : The capacity to make real our creative thinking is what we refer to as innovation.

2)……. the process of implementing the creative ideas in an attempt to bring about changes in the
order of things.

Ans :Innovation

3).what are the Seven benefits of creativity and innovation to organization?

Ans:
1. To increase efficiency of production
2. To implement industry best practices
3. To increase shareholder’s value
4. To improve cash flow
5. To attain cost reductions
6. To remain globally competitive
7. To improve profitability

4).what are the pre-assumption of Misinterpretation of innovation?

Ans:
1).Innovation is not equal to invention
2). Innovation does not mean original as new ideas always have root in old
3). Innovation is not all about new products and services only but also includes new markets,
marketing methods and operating methods
4). Innovation is not a one-off inspiration

5). Creativity in business is only beneficial?

Ans only if it has a practical application.

6).what are the two main theoretical approaches?

Ans : 1).The ‘Product-Based’ Approach
2).The ‘Market-Based’ Approach

7) … .which approach implies that the enterprise is primarily concerned about the product
development process or the internal demands (requirements) of the organisation. In other words,
the concern of the enterprise is all about the product, the process of developing it and the
requirements to achieve that. ?
Ans :Product based approach

8)…….seeks to find out what the customer wants and is willing to pay for before venturing into
developing a product. What this implies is that the enterprise is focused around the needs of the
customer (the market) rather than the enterprise’s internal requirements?

Ans :Market based approach

9).what’s the right approach?

Ans: the matching of the process that takes place when an idea, based on customer demand or
needs, is linked to the existing or future resources of an enterprise

10) … .. a market for a product that is generally new to all and not just a few. A market could
however be new to a place, state or nation but already existing elsewhere before

Ans:New markets

11) … .. is a preconceived idea of what the world is, what it should be like, and how it should
operate.

Ans :Paradigms

12). The left brain (creative thinking )?

A).Analyis(comprehension)
B logical and rational (– vertical thinking)

Ans :logical and rational (– vertical thinking)

13)…..The right brain?

Ans : is creative and intuitive – (lateral thinking)

14).what are the creative process ?

Ans :1).Preparation
2).investigation
3).Transformation
4).incubation
5).Illumination
6).verification
7).Implementation
15)/…is the ability to see the similarities and connections among various data and events.?
Ans: Convergent thinking

16)…..is the ability to see differences among various data and events?

A)Divergent thinking
B)Convergent thinking

Ans :A

17). is a process in which a small group of people interact with very little structure with the goal of
producing a large quantity of novel and imaginative ideas.?

A)Soliloquizing
B)Brainstorming

Ans :Brainstorming

18)……a graphical technique that encourages thinking on both sides of the brain, visually displays
the various relationships among ideas, and improves the ability to view a problem from many
sides?

A)Mind mapping (Flip mapping )

B)Heart mapping

Ans :A

19)……a grant from the federal government’s Patent and Trademark Office (PTO) to the inventor
of a product giving them the exclusive right to make, use, or sell their invention in this country for
20 years.?

A)Trademark
B)Patent
Ans Patent

20) ……. any distinctive word, phrase, symbol, design, name, logo, slogan, or trade dress that a
company uses to identify the origin of a product or to distinguish it from other goods on the
market.?

A).Branding
B)trademark
Ans :Trademark

21). A copyright lasts…… to …….. if the holder is a business.

A).74 to 105 years

B).75 to 100years

Ans :B

22)….is an exclusive right that protects the creators of original works of authorship such as literary,
dramatic, musical, and artistic works.

A).permission
B):Copyright

Ans :B

23).How many thinking box do we have ?

A:4
B:3

Ans:3
New-Box: Horizontal or lateral thinking can be comparable to digging new holes in many locations
(new boxes).

Other-Box: involves leaving yours and entering someone else’s once again with the “What’s good
about it?” philosophy.

No box : mean complete open thinking with no limits or virtual/transparent-box thinking. This
thinking challenges the greatest majority of people since tremendously potential risks are
involved. Anything can go wrong at any time.

24)….. involves leaving yours and entering someone else’s once again with the “What’s good
about it?” philosophy.

A).New box

B). other box

Ans :B

25). How are creativity and innovation related?

A). Creativity is thinking new things, innovation is doing new things

B Creativity is doing things, innovation is thinking new things

Ans :A

26)/Explain the steps of the creative process. What can an entrepreneur do to enhance each step?

Ans:
*
* Preparation:: Prepare the mind • Adopt the attitude of a lifelong student • Read more • Discuss
ideas with others
*
*
* Investigation:: Investigate the problem or decision • Study information related to the field that
the idea is in
*
*
* Transformation:: Observe similarities and differences in the information collected • Evaluate the
parts of the situation several times • Rearrange the elements of the situation
*
*
* Incubation:: Give the subconscious time to reflect on the information collected • Walk away
from the situation • Take the time to daydream • Relax
*
*
* Illumination:: “Eureka factor” moment • This moment will come randomly, just be ready to act
on it when it comes
*
*
* Verification:: Validate that the idea is accurate and useful • Conduct experiments • Run
simulations and tests • Build prototypes
*
* Implementation:: Make the idea become a reality • Take your product to the stage, don’t get
caught up in the planning stage

27). Legal fees for filing a patent range from

A). N250,000 to N1,000,000

B). N270,000 to N1,200,000

Ans :A

VTE (examination is not that hard)just make sure you engage in every skills practice provided by
your course instructor)…Exam grade is just 25marks …
Good luck