Question 1

Alan Greenspan believes history will show that later half of the 1990s was:

Accepted Answer

Alan Greenspan believed that the latter half of the 1990s was a pivotal time when technological advancements were finally utilized effectively, leading to significant economic growth and productivity improvements.

Question 2

RFID:

Accepted Answer

RFID (Radio Frequency Identification) technology is used to track goods throughout the supply chain, from production to sale, by using tags that can be read by RFID readers.

Question 3

It was found in the state of Washington that labor income in technology based industries was ____ percent more than the state's average.

Accepted Answer

E

Question 4

It was found in the state of Washington that technology based industries that each job in turn supports an average of ____ jobs while the state average is ____ jobs per employee in all other industries.

Accepted Answer

Technology-based industries support an average of 3.55 jobs per job, while the state average for all other industries is 2.86 jobs per employee.

Question 5

Technology pushes society when:

Accepted Answer

Technology pushes society when it is not initially demanded but, once available, is quickly adopted, leading to societal changes.

Question 6

Technology's impact:

Accepted Answer

Technology's impact is ongoing as it continuously evolves and integrates into various aspects of life, influencing society, economy, and culture.

Question 7

Technology's impact is:

Accepted Answer

Technology impacts the entire organization, influencing processes, communication, and efficiency across all departments and levels.

Question 8

A major source of innovation in the appliance industry is:

Accepted Answer

Japan is a major source of innovation in the appliance industry due to its strong technological infrastructure and focus on research and development.

Question 9

Normative institutions are concerned with:

Accepted Answer

Normative institutions focus on the norms, values, and standards that guide behavior within professions and industries.

Question 10

It can be expected that the theory and methods of managing technology and innovation learned from the text are:

Accepted Answer

Theories and methods of managing technology and innovation are generally designed to be applicable globally, as they address universal principles and practices that can be adapted to various cultural and economic contexts.

Question 11

The annual level of spending on new technology by business in the 1990s increased by:

Accepted Answer

During the 1990s, the annual level of spending on new technology by businesses increased by approximately 10% per year.

Question 12

In the early part of this century there was a decline in technology spending due to:

Accepted Answer

The decline in technology spending was primarily due to tighter control over spending as companies became more cautious with their budgets.

Question 13

The goal of management of technology and innovation in an organization should always be to:

Accepted Answer

The primary goal of managing technology and innovation is to create value for the firm, which can lead to sustainable competitive advantage and long-term success.

Question 14

There are several definitions of technology in the text; all the definitions have some common elements. Each definition implies:

Accepted Answer

All definitions of technology imply a systematic approach to achieving a desired outcome and that change is an inherent result of technological processes.

Question 15

Technology can be broadly defined as:

Accepted Answer

Technology encompasses all the knowledge, products, processes, tools, methods, and systems used in creating goods or providing services.

Question 16

Evaluation and control of technology is:

Accepted Answer

Evaluation and control of technology involves monitoring to ensure that the technology meets the intended goals and desired outcomes, rather than just checking functionality or specifications.

Question 17

The National Cash Register Company almost failed in 1960 because it:

Accepted Answer

The National Cash Register Company almost failed in 1960 because it focused on expanding its lead in mechanical calculators, which became obsolete with the advent of electronic calculators.

Question 18

The management of technology is defined as the linking of different disciplines to:

Accepted Answer

The management of technology involves planning, developing, implementing, monitoring, and controlling technological capabilities to achieve organizational goals.

Question 19

The task force on Management of Technology listed 5 specific reasons why individuals and organizations should be concerned about the management of technology. Which of these is NOT one of the five reasons provided?

Accepted Answer

The need for increasing production times is not a reason listed by the task force on Management of Technology for concern about the management of technology.

Question 20

Who developed the idea and product called the iBOT Mobility System?

Accepted Answer

Dean Kamen is the inventor and developer of the iBOT Mobility System, a revolutionary wheelchair designed to help people with disabilities navigate various terrains.

Quiz 1: Management of Technology and Innovation: an Overview