Search Header Logo

4.1.4.8 Technological Change and Its Impacts

Authored by Harvey Williams

Business

12th Grade

Used 2+ times

4.1.4.8 Technological Change and Its Impacts
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the difference between invention and innovation?

Invention is the creation of a new idea, while innovation is making that idea a commercial reality.

Invention is the commercial application of a new idea, while innovation is the creation of the idea.

Invention and innovation are the same concepts.

Invention is only related to technology, while innovation is related to business.

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the concept of 'creative destruction'?

The process of creating new products that destroy old markets and jobs.

The process of creating new jobs without affecting old markets.

The process of maintaining old markets while introducing new products.

The process of reducing costs in production.

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How has technological change affected the mobile phone industry?

It has made previous developments completely redundant.

It has maintained the relevance of old mobile phone models.

It has decreased the variety of mobile phones available.

It has increased the cost of mobile phones.

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the impact of technological change on the cost of production?

It increases the cost of production over time.

It reduces the cost of production over time.

It has no impact on the cost of production.

It only affects the cost of production in the short term.

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How does technological change influence market structures?

It has no impact on market structures.

It generally makes markets more competitive and contestable.

It only affects small-scale markets.

It generally makes markets more monopolistic.

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the effect of the internet on barriers to entry in various industries?

It only affects barriers to entry in the retail industry.

It has no effect on barriers to entry.

It has increased barriers to entry.

It has significantly reduced barriers to entry.

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the role of technological change in job creation according to recent trends?

It has only created jobs in the technology sector.

It has generally created more jobs than it has destroyed.

It has had no impact on job creation.

It has destroyed more jobs than it has created.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?