Technological Advances

question 58

Multiple Choice

Technological advances

• A) rarely result in an increase in productivity.
• B) always involve buying lots of expensive equipment.
• C) introduce new techniques or methods so that firms can produce more with less.
• D) are equally common across all firms.
• E) are always the result of private-sector innovation.

Distinguish between the bases of power and their applications within organizational settings.

Grasp the concept of empowerment and its importance in leadership.

Acknowledge the use of power for the good of the group or organization.

Identify the styles of leadership and their impact on organizational and personal outcomes.

---

Definitions:

Market Savvy

Having a keen understanding of market dynamics, including recognizing opportunities and threats within the competitive landscape.

Global Mind-Set

The ability to appreciate and adapt to different cultural norms and practices in a global business environment.

Location-Related Competency

Advantages or skills a company gains because of its geographical location.

Cultural Intelligence

The ability to relate to and work effectively across cultures and social contexts.