Technology Assessment Is

question 184

Multiple Choice

Technology assessment is

• A) measuring how much technology has been incorporated into an organization.
• B) trying to foresee the effects of new products and processes on the firm's operation and on society in general.
• C) assessing how much technology one wants to incorporate into a company in the future.
• D) judging how a firm's products affect society.
• E) weighing the cost of new technology to determine whether a firm can afford to use it.

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Definitions:

Contribution Margin

This metric represents the difference between sales revenue and variable costs, indicating how much revenue contributes towards covering fixed costs and generating profit, essentially restating the importance of covering variable expenses to achieve profitability.

Unit Sold

The quantity of products sold by a company over a specific period.

Selling Price

The amount of money charged for a product or service, determined by factors such as cost, demand, competition, and market conditions.

Contribution Margin

It represents the amount of revenue remaining after deducting variable costs, which can then be used to cover fixed costs and generate profit.