What Is an Advantage of Being an Early Adopter of Technology

question 7

Multiple Choice

What is an advantage of being an early adopter of technology?

• A) Increasing the competitive advantage of the organization
• B) Enhancing the reputation of the organization
• C) Cutting operational costs
• D) Increasing productivity

---

Definitions:

John Wayne

An iconic American film actor famous for his roles in Westerns and war movies.

Representativeness Heuristic

The representativeness heuristic is a cognitive bias where individuals judge the probability or frequency of a hypothesis by considering how much the hypothesis resembles available data.

Base-Rate Effect

A cognitive error whereby people judge the likelihood of an event by intuitive examples rather than by statistical evidence.

Availability Heuristic

A cognitive shortcut based on the first examples that appear in someone's thoughts when assessing a certain topic, idea, strategy, or choice.