Which of the Following Is an Example of Positive Technological

question 26

Multiple Choice

Which of the following is an example of positive technological change?

• A)A firm offers workers a higher wage to work on weekends and at night. As a result, the firm is able to increase its weekly production of surf boards.
• B)A firm buys an additional machine that it uses to make surf boards. As a result, the firm is able to increase its weekly production of surf boards.
• C)A firm conducts a new advertising campaign. As a result, the demand for the firm's surf boards increases.
• D)A firm's workers participate in a training program designed to increase the number of surf boards they can produce per day.

Grasp the impact of organizational culture and worker demographics on the diffusion of innovation.

Understand what diffusion is and the factors affecting its rate in organizations.

Identify the only firm in Richard Walton's study where significant diffusion occurred.

Understand that complexity affects the likelihood of diffusion.

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Definitions:

Payback Period

The payback period is the length of time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment.

Initial Capital Investment

The total amount of money used to start a business or project, including costs for property, equipment, and legal fees.

Accounting Rate of Return

A financial ratio that measures the return on investment from assets, indicating the efficiency of generating profits from its resources.

After-Tax Net Income

The amount of income that remains after all applicable taxes have been subtracted from the total revenue.