The Difference Between Technology and Technological Change Is That

question 110

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-centred, that is, developing new products with our limited resources, while technological change is process-centred 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.

---

Definitions:

Substrates

The substances on which an enzyme acts during a biochemical reaction.

PhBr

Bromobenzene, an aromatic compound where a bromine atom is bonded to a benzene ring.

Major Organic Product

The primary product of an organic reaction that is formed in the greatest amount compared to other products.

Major Organic Product

The primary product formed in the greatest yield during an organic chemical reaction.