Technological Change

question 264

Multiple Choice

Technological change

• A) usually requires an investment in a new plant.
• B) is implemented in the short run.
• C) almost always increases the costs of production.
• D) almost always increases the variable costs of production.
• E) cannot help a firm to earn an economic profit in either the short run or the long run.

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Definitions:

Profit Centre Manager

An individual responsible for a division or segment of an organization whose performance is measured in terms of profitability.

Investment Centre Manager

A manager responsible for a business unit that is judged on its investment, revenue, and cost performance.

Revenue Centre Manager

A position responsible for generating revenue and overseeing the activities and strategy that contribute to revenue generation for a specific department or area.

Investment Centre Manager

An executive who is responsible for the profitability and efficient use of assets within a defined business segment or division.