What Is the Difference Between Technology and Technological Change

question 276

Multiple Choice

What is the difference between technology and technological change?

• A)Technology refers to the processes used by a firm to transform inputs into output, while technological change is a change in a firm's ability to produce a given level of output with a given quantity of inputs.
• B)Technology is carried out by firms producing physical goods, but technological change is an intellectual exercise in seeking ways to improve production.
• C)Technology is product-centred, that is, developing new products with our limited resources, while technological change is process-centered in that it focuses on developing new production techniques.
• D)Technology involves the use of capital equipment, while technological change requires the use of brain power.

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Definitions:

Electroencephalograph

An instrument used to record the electrical activity of the brain, typically through electrodes placed on the scalp.

Deep Sleep

A stage of sleep that involves the slowest brain waves during the sleep cycle, crucial for physical renewal and healing.

Beta Pattern

A pattern of brain wave activity with a frequency range of about 12-30 Hz, associated with wakefulness, alertness, and active concentration.

Delta Pattern

A type of brain wave that is associated with deep sleep and is characterized by low frequency and high amplitude.