Quiz 17: Managing Technology and Innovation

Business

True Explanation: To be implemented technologically, scientific knowledge should be converted into practice in both engineering and economic terms. If we can theoretically do something but doing it is economically impractical, the technology cannot be expected to emerge.

False Explanation: It is technological innovation that typically follows a relatively predictable pattern from inception and development to market saturation and replacement. This pattern is called the technology life cycle.

True Explanation: The enthusiasm of innovator-adopters is no guarantee of success. But a lack of enthusiasm among this group is often a sign that the new technology has serious problems and more development is needed.

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