"Technology" Could Be Considered to Be the Tools, Techniques, and Actions

question 70

True/False

"Technology" could be considered to be the tools, techniques, and actions that are used to transform organizational inputs into outputs.

---

Definitions:

Plant Expansion

Plant expansion refers to the process of enlarging the capacity or physical size of a manufacturing facility to increase production capabilities, accommodate new machinery, or improve efficiency.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment or compare the efficiency of several different investments.

Setup Time

The duration required to prepare or set up equipment or processes for a manufacturing operation or production run.

Trend

A general direction in which something is developing or changing, often analyzed in data over time.