Technology Is Important Because: (Please Select All That Apply

question 10

Multiple Choice

Technology is important because: (Please select all that apply.)

• A) It always produces a higher standard of living
• B) It has the potential to increase productivity
• C) It can enable a country to shift out of the boundaries of its production possibilities
• D) It enables the gap between rich and poor to narrow

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Definitions:

Extraneous Variable

A variable that influences the outcome of an experiment but is not the variable that is actually of interest. It's external and not the focus of the study.

Information Technology

The use of systems (especially computers and telecommunications) for storing, retrieving, and sending information.

Data Mining

A process of analyzing large datasets to discover patterns, trends, and relationships that can inform decision-making.

Environmental Scanning

The process of continually acquiring information on events occurring outside the organization to identify and interpret potential trends.