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:

Fraternities

Social organizations, typically for male college students, that are formed for personal and professional development, networking, and community service.

Sororities

Social organizations primarily for females in colleges or universities, which are devoted to philanthropic, academic, and social activities.

Cohesiveness

The extent to which members of a group or community are attracted to each other and motivated to stay together.

Apathetic

Showing or feeling no interest, enthusiasm, or concern about something.