Which of the Following Statements About Technology Is NOT True

question 64

Multiple Choice

Which of the following statements about technology is NOT true?

• A)Technology is a major driver for organizational change.
• B)It has widespread effects on the behavior of people in the organization.
• C)Technology provides a competitive advantage.
• D)It separates and transforms resources into outcomes.
• E)It is causing shift toward a service-based economy.

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Definitions:

Quantity Demanded

Refers to the specific amount of a good or service that buyers are willing to purchase at a given price, at a specific point in time.

Perfectly Inelastic Supply

A market scenario where the quantity supplied is completely unresponsive to price changes at all price levels.

Supply Curve

A graph that shows the relationship between the price of a good and the quantity supplied, typically upward sloping reflecting higher prices incentivizing more supply.

Perfectly Elastic

A market condition in which demand or supply for a good or service is infinitely sensitive to changes in price, leading to immediate adjustments.