Question 1

The process of comparing an organization's practices and technologies to those of other companies is known as

Accepted Answer

A)  benchmarking.
B)  scanning.
C)  situational analysis.
D)  technological auditing.
E)  strategic maneuvering.

Question 2

An innovation will spread faster if it

Accepted Answer

A)  is similar to its predecessor.
B)  is compatible with existing systems and procedures.
C)  has more rather than less complexity.
D)  requires a significant commitment to try or test.
E)  is difficult to copy.

Question 3

The role of a chief technology officer is to

Accepted Answer

A)  supervise new technology development.
B)  develop the new technology.
C)  receive sponsorship for the new technology from the executive champion.
D)  support the project and protect the product champion.
E)  promote the idea of a new technology within the organization.

Question 4

Ajax Charge Inc. is working on a fast battery-recharging system that is still under development and has yet to be approved. Ajax's product is an example of a(n)  _____ technology.

Accepted Answer

A)  base
B)  key
C)  emerging
D)  improved
E)  pacing

Question 5

A lack of enthusiasm for a new product among the technology adopters called innovators can be a sign that the new technology has serious problems.

Accepted Answer

A) True 
 B)False

Question 6

Grasshopper is a small smartphone company that has developed an innovative security system for its phones. The technology has yet to prove its full value, but if it catches on, it may change the competitive landscape of the smartphone industry. What type of technology is this?

Accepted Answer

A)  Emerging
B)  Pacing
C)  Key
D)  Base
E)  Ancillary

Question 7

Discuss why economic viability must be considered when making technology decisions. Provide an example of a current idea or product and its economic viability.

Accepted Answer

The answer of Discuss why economic viability must be considered...

Question 8

Which of the following is the role of technical innovators?

Accepted Answer

A)  They provide financial resources to support the project.
B)  They promote an idea throughout the organization.
C)  They develop and operate a new technology.
D)  They coordinate the technological efforts of various business units.
E)  They assess technological implications.

Question 9

Technological innovation can support a _____ strategy, in which an advantage comes from having a unique good or service for which customers are willing to pay a premium price.

Accepted Answer

A)  concentration
B)  vertical integration
C)  low-cost
D)  diversification
E)  differentiation

Question 10

Explain the technology life cycle.

Accepted Answer

The answer of Explain the technology life cycle....

Question 11

_____ is a change in method or technology that is a useful departure from previous ways of doing things.

Accepted Answer

A)  Innovation
B)  Integration
C)  Reinforcement
D)  Diffusion
E)  Arbitration

Question 12

Early adopters of new technologies tend to be

Accepted Answer

A)  isolated and highly conservative in their views.
B)  extremely suspicious of innovation and change.
C)  less educated and unable to cope with uncertainty and abstraction.
D)  critical to the success of a new technology.
E)  the most adventurous and willing to take risks.

Question 13

Which of the following groups is most likely to pay a premium for the latest and newest technology or product to come along and to champion it if it meets with their approval?

Accepted Answer

A)  Innovators
B)  Late majority
C)  Early majority
D)  Early adopters
E)  Laggards

Question 14

Development projects are focused on marketing existing products or processes through mass media and social media.

Accepted Answer

A) True 
 B)False

Question 15

_____ is a factor that helps executives decide if there is a good financial incentive for attempting a technological innovation.

Accepted Answer

A)  Technological feasibility
B)  Market receptiveness
C)  Economic viability
D)  Organizational suitability
E)  Competence development

Question 16

Which of the following is a first-mover advantage for a technology innovator?

Accepted Answer

A)  Being able to charge a premium price
B)  Letting someone else work out all the bugs
C)  Having an infrastructure ready to support the technology
D)  Being able to take advantage of complementary products
E)  Having a ready-made customer base

Question 17

Volume controls on an MP3 player are an example of a(n)  _____ technology.

Accepted Answer

A)  emerging
B)  pacing
C)  key
D)  base
E)  ancillary

Question 18

For which of the following reasons might a firm choose to trade technology?

Accepted Answer

A)  To facilitate first-mover advantages
B)  To avoid development costs
C)  To build barriers to entry
D)  To partner with competitors
E)  To create diseconomies of scope

Question 19

The invention life cycle is a predictable pattern that technological innovation follows from its inception and development to market saturation and replacement.

Accepted Answer

A) True 
 B)False

Question 20

Who among the following adopters of a new technology are extremely suspicious of innovation and change?

Accepted Answer

A)  Laggards
B)  Early adopters
C)  Innovators
D)  The early majority
E)  The early minority

Exam 17: Managing Technology and Innovation

Development projects are focused on marketing existing products or processes through mass media and social media.

Correct AnswerverifiedShow Answer

Grasshopper is a small smartphone company that has developed an innovative security system for its phones. The technology has yet to prove its full value, but if it catches on, it may change the competitive landscape of the smartphone industry. What type of technology is this?

Correct AnswerverifiedShow Answer

Early adopters of new technologies tend to be

Correct AnswerverifiedShow Answer

A lack of enthusiasm for a new product among the technology adopters called innovators can be a sign that the new technology has serious problems.

Correct AnswerverifiedShow Answer

Which of the following is the role of technical innovators?

Correct AnswerverifiedShow Answer

An innovation will spread faster if it

Correct AnswerverifiedShow Answer

Discuss why economic viability must be considered when making technology decisions. Provide an example of a current idea or product and its economic viability.

Correct AnswerverifiedShow Answer

Ajax Charge Inc. is working on a fast battery-recharging system that is still under development and has yet to be approved. Ajax's product is an example of a(n) _____ technology.

Correct AnswerverifiedShow Answer

_____ is a change in method or technology that is a useful departure from previous ways of doing things.

Correct AnswerverifiedShow Answer

The role of a chief technology officer is to

Correct AnswerverifiedShow Answer

_____ is a factor that helps executives decide if there is a good financial incentive for attempting a technological innovation.

Correct AnswerverifiedShow Answer

For which of the following reasons might a firm choose to trade technology?

Correct AnswerverifiedShow Answer

Which of the following is a first-mover advantage for a technology innovator?

Correct AnswerverifiedShow Answer

Explain the technology life cycle.

Correct AnswerverifiedShow Answer

Who among the following adopters of a new technology are extremely suspicious of innovation and change?

Correct AnswerverifiedShow Answer

The invention life cycle is a predictable pattern that technological innovation follows from its inception and development to market saturation and replacement.

Correct AnswerverifiedShow Answer

The process of comparing an organization's practices and technologies to those of other companies is known as

Correct AnswerverifiedShow Answer

Volume controls on an MP3 player are an example of a(n) _____ technology.

Correct AnswerverifiedShow Answer

Which of the following groups is most likely to pay a premium for the latest and newest technology or product to come along and to champion it if it meets with their approval?

Correct AnswerverifiedShow Answer

Technological innovation can support a _____ strategy, in which an advantage comes from having a unique good or service for which customers are willing to pay a premium price.

Correct AnswerverifiedShow Answer

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