Question 1

Alan Greenspan believes history will show that later half of the 1990s was:
A) A time of greed
B) A time in which hedge funds should have been regulated
C) A time when technology failed United States business
D) A pivotal time when technology developed previously were finally allowed to be utilized effectively
E) A pivotal time when international currency exchange was solidified

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:
A) Allow firms to track goods from production through their being sold
B) Allows stores to have their own background music in the store
C) Allows the tracking of two of the most dangerous chemicals in an industrial setting
D) Provides communication between widely spread employees on an immediate basis
E) Tracks employees as they do their daily work if they work outside an office setting

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.
A) 5
B) 14
C) 27
D) 63
E) 87

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.
A) 3.55; 1.01
B) 3.55; 5.05
C) 3.55; 2.86
D) 0.25; 2.86
E) 1.39; 2.86

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:
A) Innovations make unwanted changes in society that are unfortunate such as pollution
B) Innovations push the government to make new regulations in order to control the activity
C) New technology strains the social fabric of the society to the breaking point
D) The technology was not demanded by society but once available it is quickly adopted by society
E) The technology is demanded by society and it leads to changes in the society

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:
A) Is ongoing
B) Occurs in small very distinct steps
C) Occurs in large shifts over time
D) Is not significant
E) Is limited unless combined with money

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:
A) Is only in particular business units
B) Is significant only for certain people in the organization
C) Occurs only outside the business organization since it is so pervasive
D) Is organization wide
E) Effects societies, not businesses

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:
A) Canada
B) Finland
C) United States
D) Russia
E) Japan

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:
A) Laws in a country
B) Norms of professions and industries
C) The progress of technology at a normal pace
D) The ability to obtain the insights of average consumers
E) The banking industry

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:
A) Applicable only in the United States
B) Applicable only in the United States and Canada
C) Applicable only in the United States, Canada and the United Kingdom
D) Applicable only in the United States, Canada, United Kingdom and parts of Europe
E) Applicable around the world

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:
A) 10% per year.
B) it decreased by 10% per year.
C) 4% per year.
D) 20% per year.
E) 5% per year.

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:
A) tighter control over spending
B) less technology being employed
C) positive growth on spending
D) hiring more employees
E) the use of cell phones in the workplace

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:
A) Create new technology that is groundbreaking
B) Expand the number of employees in R&D
C) Create value for the firm
D) Be efficient
E) Maximize this quarter's profits

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:
A) A systematic approach to the desired outcome
B) Change is an outcome
C) Change occurs rapidly
D) Changes in technology occur at random
E) Both "A systematic approach to the desired outcome" and "Change is an outcome"

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:
A) A process whereby new and improved products, processes, materials, and services are developed and transferred to a new plant or market where they are appropriate
B) All the knowledge, products, processes, tools, methods, and systems employed in the creation of goods or in providing services
C) A coordinated set of actions that fulfill the firm's objectives, purposes, and goals
D) The systematic gathering of information that leads to the generation of feasible alternatives for the firm
E) The elements of planning, implementation, and evaluation and control

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:
A) The checking to be sure the technology works
B) The ensuring the technology meets the specifications of the manual
C) Commonly ignored
D) The monitoring to ensure technology meets goals and desired outcomes
E) Typically outsourced to ensure proper operation

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:
A) Focused on developing the digital calculator
B) Focused on expanding its lead in mechanical calculators
C) Moved into credit card technology
D) Moved its production to Brazil
E) Spent excessively on R&D

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:
A) Plan, develop, implement, monitor and control technological capabilities
B) Make sure that the technology works
C) Find the most efficient technology
D) Find the most economical technology
E) Control the use of technology

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?
A) The rapid pace of technological change demands a cross discipline approach
B) The rapid pace of technology development and the increasing sophistication of consumers have shortened product life cycle
C) The need for increasing production times
D) Increasing international competition
E) As technology changes, the tools of management must change

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?
A) Dean Wheelwright
B) Dean Karoub
C) Dean Kamen
D) Kenneth Dean
E) Dean Witter

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

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

RFID:

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

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.

Technology pushes society when:

Technology's impact:

Technology's impact is:

A major source of innovation in the appliance industry is:

Normative institutions are concerned with:

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

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

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

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

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

Technology can be broadly defined as:

Evaluation and control of technology is:

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

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

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?

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