Which of the Following Statements Is True

question 27

Multiple Choice

Which of the following statements is true?

• A)The technology supply responds to market conditions.
• B)Human capital has no role in research and development.
• C)Attempts to bring about technological change via research and development are often tried but are usually not successful.
• D)Technological change occurs at a constant rate.
• E)Industries that attempt to produce new technologies face very little risk.

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Definitions:

Service Retailer

is a type of retailer that primarily sells services rather than tangible products, such as salons, repair shops, and fitness centers.

Oil Change

A routine maintenance service for vehicles involving the replacement of the engine's oil and oil filter to ensure proper engine function.

Off-price Retailers

Stores that sell brand name and designer merchandise at lower prices than traditional retail outlets by taking advantage of overstock, last season's products, or bulk buying.

Inventory

The complete list of items such as property, goods in stock, or the contents of a building.