Question 1

Which of the following categories refers to technologies that are still under development and thus unproved?

Accepted Answer

A) base technologies 
B) emerging technologies 
C) key technologies 
D) initial technologies 
E) pacing technologies 
A) base technologies 
B) emerging technologies 
C) key technologies 
D) initial technologies 
E) pacing technologies B

Question 2

Planetary Systems is developing a gas vapor detection system that will be able to tell when a fuel system is in the early stages of becoming inefficient in a manner needing adjustment and will then sound an alarm to notify the driver.The system is still in the trial stages and has not been proven to be effective.What type of technology is this?

Accepted Answer

A) emerging 
B) pacing 
C) key 
D) base 
E) ancillary 
A) emerging 
B) pacing 
C) key 
D) base 
E) ancillary A

Question 3

Scenario B.Researchers at SunStrength Inc.found a new solar-power technology suitable for cell phones.However,the technology is still being developed and is yet to be proved functional.Activoice Inc.has developed a very useful cell-phone technology based on voice activation.However,the technology is expensive and has yet to prove its full value.Ocean Gale Corp.has developed a technology that can be used with any cell-phone lithium-ion battery to reduce energy consumption.The system has proved to be very effective,but not all cell-phone manufacturers have adopted it yet.
-Sunstrength Inc.'s new solar-cell technology would be an example of a(n)________ technology.

Accepted Answer

A) key 
B) pacing 
C) emerging 
D) base 
E) initial 
A) key 
B) pacing 
C) emerging 
D) base 
E) initial C

Question 4

A lack of enthusiasm for a new product among the technology adopters called innovators can be a sign that the new technology has serious problems.

Accepted Answer

A) True 
 B)False

Question 5

Vital Vision Corp.is looking for a simple and cost-effective way of acquiring a commercially available new technology for its present venture.Which of the following methods should the company first consider for the purpose?

Accepted Answer

A) licensing the technology 
B) developing the technology internally 
C) purchasing the technology 
D) buying the technology owner 
E) creating a research partnership 
A) licensing the technology 
B) developing the technology internally 
C) purchasing the technology 
D) buying the technology owner 
E) creating a research partnership

Question 6

Wyatt,a senior member in an organization,received a pay raise when the company implemented some changes in response to a new technology that it had adopted.This is an example of a ________ compensation.

Accepted Answer

A) market-contingent 
B) job-contingent 
C) person-contingent 
D) culture-contingent 
E) performance-contingent 
A) market-contingent 
B) job-contingent 
C) person-contingent 
D) culture-contingent 
E) performance-contingent

Question 7

A focused organizational effort to create a new product or process via technological advances is called

Accepted Answer

A) a development project. 
B) a sociotechnical system. 
C) benchmarking. 
D) strategic positioning. 
E) vertical integration. 
A) a development project. 
B) a sociotechnical system. 
C) benchmarking. 
D) strategic positioning. 
E) vertical integration.

Question 8

Common ways of acquiring new technology include internal development,purchase,and licensing.

Accepted Answer

A) True 
 B)False

Question 9

Bridget has to decide whether it is the right time to adopt a new technology for her department.Besides considering the potential benefits of the new technology,which of the following factors should have the most influence on her decision?

Accepted Answer

A) the prestige connected with using the technology 
B) the likelihood of a better technology becoming available 
C) the extent to which the technology will enhance her professional reputation 
D) the technology skills of the people in her department 
E) the entry barriers to using the technology 
A) the prestige connected with using the technology 
B) the likelihood of a better technology becoming available 
C) the extent to which the technology will enhance her professional reputation 
D) the technology skills of the people in her department 
E) the entry barriers to using the technology

Question 10

Product innovation is a change in the

Accepted Answer

A) way the outputs of an organization are produced. 
B) way the organization creates and delivers value. 
C) outputs the organization produces. 
D) value of the product alone. 
E) product focus of the organization. 
A) way the outputs of an organization are produced. 
B) way the organization creates and delivers value. 
C) outputs the organization produces. 
D) value of the product alone. 
E) product focus of the organization.

Question 11

The key factor that makes technology leadership attractive for some companies is the potential for

Accepted Answer

A) lower infrastructure costs. 
B) conflict resolution. 
C) higher profits. 
D) lower market development costs. 
E) lower risks. 
A) lower infrastructure costs. 
B) conflict resolution. 
C) higher profits. 
D) lower market development costs. 
E) lower risks.

Question 12

Of the adopters of new technologies,the members of the early majority

Accepted Answer

A) are deliberate and take longer to decide to use something new. 
B) include organizations to which others look for leadership. 
C) tend to be isolated and highly conservative. 
D) are critical to the success of a new technology. 
E) tend to be the most adventurous and willing to take risks. 
A) are deliberate and take longer to decide to use something new. 
B) include organizations to which others look for leadership. 
C) tend to be isolated and highly conservative. 
D) are critical to the success of a new technology. 
E) tend to be the most adventurous and willing to take risks.

Question 13

Which statement about the technology life cycle is true?

Accepted Answer

A) A technology life cycle can be made up of many individual product life cycles. 
B) The technology life cycle is represented by a V-shaped pattern. 
C) The developments in a technology life cycle must always be big innovations. 
D) The technology life cycle starts with a small change followed by increasingly larger ones. 
E) Over the span of the technology life cycle,the technology gets more difficult to use. 
A) A technology life cycle can be made up of many individual product life cycles. 
B) The technology life cycle is represented by a V-shaped pattern. 
C) The developments in a technology life cycle must always be big innovations. 
D) The technology life cycle starts with a small change followed by increasingly larger ones. 
E) Over the span of the technology life cycle,the technology gets more difficult to use.

Question 14

________ firms' strategies are focused on deepening their capacity base through complementary technologies that extend rather than replace their current ones.

Accepted Answer

A) Defender 
B) Laggard 
C) Prospector 
D) Contingent 
E) Analyzer 
A) Defender 
B) Laggard 
C) Prospector 
D) Contingent 
E) Analyzer

Question 15

Foxtrot Processing Corp.uses a new technology that allows it to produce standard goods in an economical way.In contrast,its competitors strive for uniqueness and use technologies that offer unique products for which customers are willing to pay a premium price.In this case,Foxtrot Processing has an advantage over its competitors because it has adopted a ________ strategy.

Accepted Answer

A) vertical integration 
B) differentiation 
C) low-cost 
D) premium pricing 
E) predatory pricing 
A) vertical integration 
B) differentiation 
C) low-cost 
D) premium pricing 
E) predatory pricing

Question 16

If a product champion lacks the power and financial resources to initiate innovations alone,he or she seeks sponsorship from an executive champion.

Accepted Answer

A) True 
 B)False

Question 17

If a new technology is theoretically possible but economically impractical,the technology will probably not emerge.

Accepted Answer

A) True 
 B)False

Question 18

Scenario C.The production manager at RJ Fabrics Inc. ,a clothing manufacturing company,has proposed replacing some of the equipment on its production line with newer technology.The chief executive officer (CEO)insists on comparing the company's current technology with that being used by other organizations to decide what new technology should be considered.However,the chief technology officer (CTO)thinks that the company should look ahead and consider a new technology that is under development.He also raises the issue of whether the company should go to an outside firm or try to develop the technology itself.
-The CTO questions whether the company should acquire a new technology from an outside source or develop it itself.In this case,the company is involved in a

Accepted Answer

A) licensing decision. 
B) psychological contract. 
C) make-or-buy decision. 
D) SWOT analysis. 
E) trade-off decision. 
A) licensing decision. 
B) psychological contract. 
C) make-or-buy decision. 
D) SWOT analysis. 
E) trade-off decision.

Question 19

Which of the following will best help an organization decide if the time is right to adopt a new technology?

Accepted Answer

A) calculating liability ratios 
B) calculating leverage ratios 
C) balancing the year-end budget 
D) doing a cost-benefit analysis 
E) taking an employee survey 
A) calculating liability ratios 
B) calculating leverage ratios 
C) balancing the year-end budget 
D) doing a cost-benefit analysis 
E) taking an employee survey

Question 20

Scenario A.Business Breakthroughs Inc.has come up with a new technology to make organizational processes easier,and the company promotes it to other organizations.Sharp Perspectives Corp.is a fast-growing organization that is willing to try Business Breakthroughs' new technology.Prince Mechanical Systems Corp.has been going through a difficult period and therefore adopts the technology out of economic necessity to improve its operations.Prep Teams Inc.feels that the new technology has nothing to offer and therefore chooses not to adopt it.Business Breakthroughs is concerned about Backdoor Creations Corp.'s opinion on the new technology because Backdoor Creations is a leading organization to which others look for ideas and technological information.
-Backdoor Creations Corp.is an example of

Accepted Answer

A) a laggard. 
B) an intrapreneur. 
C) the late minority. 
D) an early adopter. 
E) the late majority. 
A) a laggard. 
B) an intrapreneur. 
C) the late minority. 
D) an early adopter. 
E) the late majority.

Which of the following categories refers to technologies that are still under development and thus unproved?

A lack of enthusiasm for a new product among the technology adopters called innovators can be a sign that the new technology has serious problems.

Vital Vision Corp.is looking for a simple and cost-effective way of acquiring a commercially available new technology for its present venture.Which of the following methods should the company first consider for the purpose?

Wyatt,a senior member in an organization,received a pay raise when the company implemented some changes in response to a new technology that it had adopted.This is an example of a ________ compensation.

A focused organizational effort to create a new product or process via technological advances is called

Common ways of acquiring new technology include internal development,purchase,and licensing.

Bridget has to decide whether it is the right time to adopt a new technology for her department.Besides considering the potential benefits of the new technology,which of the following factors should have the most influence on her decision?

Product innovation is a change in the

The key factor that makes technology leadership attractive for some companies is the potential for

Of the adopters of new technologies,the members of the early majority

Which statement about the technology life cycle is true?

________ firms' strategies are focused on deepening their capacity base through complementary technologies that extend rather than replace their current ones.

If a product champion lacks the power and financial resources to initiate innovations alone,he or she seeks sponsorship from an executive champion.

If a new technology is theoretically possible but economically impractical,the technology will probably not emerge.

Which of the following will best help an organization decide if the time is right to adopt a new technology?

Managing and Performing

The External and Internal Environments

Managerial Decision Making

Planning and Strategic Management

Ethics, corporate Responsibility, and Sustainability

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managerial Control

Creating and Leading Change

Filters

Exam 17: Managing Technology and Innovation

Which of the following categories refers to technologies that are still under development and thus unproved?

A lack of enthusiasm for a new product among the technology adopters called innovators can be a sign that the new technology has serious problems.

Vital Vision Corp.is looking for a simple and cost-effective way of acquiring a commercially available new technology for its present venture.Which of the following methods should the company first consider for the purpose?

Wyatt,a senior member in an organization,received a pay raise when the company implemented some changes in response to a new technology that it had adopted.This is an example of a ________ compensation.

A focused organizational effort to create a new product or process via technological advances is called

Common ways of acquiring new technology include internal development,purchase,and licensing.

Bridget has to decide whether it is the right time to adopt a new technology for her department.Besides considering the potential benefits of the new technology,which of the following factors should have the most influence on her decision?

Product innovation is a change in the

The key factor that makes technology leadership attractive for some companies is the potential for

Of the adopters of new technologies,the members of the early majority

Which statement about the technology life cycle is true?

________ firms' strategies are focused on deepening their capacity base through complementary technologies that extend rather than replace their current ones.

If a product champion lacks the power and financial resources to initiate innovations alone,he or she seeks sponsorship from an executive champion.

If a new technology is theoretically possible but economically impractical,the technology will probably not emerge.

Which of the following will best help an organization decide if the time is right to adopt a new technology?

Managing and Performing

The External and Internal Environments

Managerial Decision Making

Planning and Strategic Management

Ethics, corporate Responsibility, and Sustainability

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managerial Control

Creating and Leading Change

Filters