Which of the following statements about the relationship between innovation and invention are correct?
A)Invention is often the result of an individual's efforts;innovation typically involves business organizations
B)Intellectual property law offers greater protection to innovation than to invention
C)Complementary resources are more important in supporting invention than in supporting innovation
D)Innovation requires genius,invention requires practical insight.

Question

Quizplus · Accepted Answer

Invention is typically the result of an individual or small group's efforts, while innovation often involves business organizations and teams.

Answer: B 
 Intellectual property law offers greater protection to innovation as it includes protection for new methods, processes, and business models, in addition to protecting new inventions.

Answer: C 
 Complementary resources, such as funding, research, and business support, are often more important in supporting innovation as it involves bringing new ideas to market, while invention is often a solitary endeavor.

Answer: None of the statements accurately describe the relationship between innovation and invention. 
 The statements all contain inaccuracies or oversimplifications about the relationship between innovation and invention. While invention often involves creating new products or processes from scratch, innovation can encompass a wide range of activities, from improving existing products to creating entirely new ones. Both invention and innovation can involve individual or team efforts, and both require practical insight and creative thinking. Intellectual property law may offer some protection to both invention and innovation, but it is not the only factor in promoting and supporting these activities.

Which of the Following Statements About the Relationship Between Innovation