Which of the Following Statements Correctly Describes the Distinction Between

question 195

Multiple Choice

Which of the following statements correctly describes the distinction between technology and technological change?

• A)Technology refers to the processes used by a firm to transform inputs into output of goods and services 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 refers to the ability of a firm to increase its maximum output from a given quantity of inputs and technological change is the process by which the firm achieves this productivity gain.
• C)Technology is product-centered; its refers to developing new products with limited resources while technological change is process-centered in that it focuses on developing new production techniques.
• D)Technology involves research and development while technological change involves the use of more efficient machinery.

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Definitions:

Cognitive Impairment

A reduction in cognitive functions such as memory, decision-making, and problem-solving skills, which may impact daily living.

Nongenetic

Not related to or determined by the genes or heredity.

Physical Exercise

Any bodily activity that enhances or maintains physical fitness, overall health, and wellness.

Adverse Reactions

Any unexpected, harmful effect experienced after the administration of a drug or therapy. Also referred to as side effects, especially when minor.