What Does Digital Darwinism Imply

question 76

Multiple Choice

What does Digital Darwinism imply?

• A) Organizations which can adapt to the new demands placed on them for surviving in the information age are doomed to extinction
• B) Organizations which cannot adapt to the new demands placed on them for surviving in the information age are doomed to extinction
• C) Organizations which can adapt to new information systems are doomed to extinction
• D) Organizations which cannot adapt to new information systems are doomed to exile

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Definitions:

Entrepreneur's Talent

The unique set of skills, insights, and experiences that an entrepreneur brings to a business venture, often driving its success.

Annual Lease

A contract specifying the terms under which one party agrees to rent property owned by another party for a period of one year.

Normal Profit

The minimum amount of earnings that entrepreneurs must achieve to cover the cost of operating, essentially the breakeven point beyond which a business earns profit.

Implicit Costs

Indirect expenses related to business operations, such as opportunity costs, not directly paid out in cash.