Which of the Following Is a Primary Factor in Management's

question 51

Multiple Choice

Which of the following is a primary factor in management's decisions on when to adopt a new technology?

• A) Stock price.
• B) Replacement innovations.
• C) Turnover among the board of directors.
• D) Appointment of a CIO.
• E) The organization's technology skills.

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Definitions:

Price Control

Government-imposed limits on the prices that can be charged for goods and services in a market, usually to curb inflation or protect consumers.

Price Ceiling

A legal maximum price that can be charged for a good or service.

Price Floor

A minimum price set by the government, below which the sale of a product is not allowed.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, aimed at protecting consumers from high prices.