The Difference Between Technology and Technological Change Is That

question 158

Multiple Choice

The difference between technology and technological change is that

• 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-centered, 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:

Organization at Fault

A situation where a company or group is responsible for a problem or error, often leading to a need for accountability and rectification.

Goodwill Messages

Communications intended to foster positive relationships and express kindness or goodwill.

Important

Having significant value, meaning, or influence on an outcome or in a particular context.

Characteristics

Features or qualities that distinguish a person, place, or thing, making it identifiable.