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Technology Management Quiz

Total questions: 100

Worksheet time: 50mins

Name
Class
Date
1.

Technology management primarily focuses on:

a)

Managing financial assets

b)

Overseeing marketing strategies

c)

Managing the development and application of technology

d)

Handling only IT systems

2.

Technology and innovation are unrelated concepts.

a)

True

b)

False

3.

(a)   is the process of turning new ideas into practical applications.

4.

One key role of technology in business is to:

a)

Reduce human labor completely

b)

Enhance efficiency and productivity

c)

Eliminate management roles

d)

Limit market expansion

5.

Technology management involves the planning, development, and implementation of technology in organisations.

a)

True

b)

False

6.

Which of the following is NOT an example of technology in business?

a)

Automated manufacturing

b)

Social media marketing

c)

Filing taxes manually

d)

Customer relationship management systems

7.

Technology can be a source of (a)   advantage for organizations.

8.

Strategic use of technology can help companies to:

a)

Enter new markets

b)

Reduce operational costs

c)

Improve customer satisfaction

d)

All of the above

9.

Innovation always requires the invention of something completely new.

a)

True

b)

False

10.

Effective technology management aligns with the organization's (a)   objectives.

11.

A major internal source of innovation is:

a)

Competitors

b)

Customers

c)

R&D department

d)

Government agencies

12.

Suppliers can be an important external source of technology.

a)

True

b)

False

13.

External sources of innovation include suppliers, customers, competitors, and (a)   .

14.

Which is an example of an external innovation source?

a)

Employee brainstorming sessions

b)

Collaboration with research institutions

c)

Internal training programs

d)

Company suggestion box

15.

Market research can provide insight into potential technological innovations.

a)

True

b)

False

16.

The (a)   process often determines how quickly a company can adopt new technology.

17.

Which is NOT a source of technological innovation?

a)

Government policies

b)

Natural disasters

c)

Supplier partnerships

d)

Customer feedback

18.

Innovation only occurs inside a company.

a)

True

b)

False

19.

Collaborative research with other organizations is known as (a)   innovation.

20.

Which type of innovation source relies on alliances and joint ventures?

a)

Internal source

b)

External source

c)

Informal source

d)

Market-driven source

21.

Universities and research labs are common external sources of innovation.

a)

True

b)

False

22.

Customers can act as (a)   partners by suggesting new features or improvements.

23.

Which internal factor most directly influences innovation speed?

a)

Government regulation

b)

Competitor activity

c)

Organizational culture

d)

Environmental changes

24.

Competitors can sometimes be a source of innovation through benchmarking.

a)

True

b)

False

25.

Employee creativity is a significant (a)   source of innovation.

26.

Which stage of technological change involves creating a commercial product?

a)

Invention

b)

Innovation

c)

Adoption

d)

Diffusion

27.

Invention is the same as innovation.

a)

True

b)

False

28.

In the S-curve of technological innovation, profits generally rise until the (a)   stage.

29.

Who developed the Diffusion of Innovations theory?

a)

Joseph Schumpeter

b)

Everett Rogers

c)

Peter Drucker

d)

Clayton Christensen

30.

Early adopters are the first group to use a new technology.

a)

True

b)

False

31.

Innovators typically make up about (a)   % of the target population.

32.

Which group in the diffusion model is most skeptical of innovation?

a)

Innovators

b)

Early majority

c)

Late majority

d)

Laggards

33.

Incremental innovation involves small improvements.

a)

True

b)

False

34.

Radical innovation provides large (a)   improvements or cost reductions.

35.

Which type of innovation copies something well-known and accepted?

a)

Incremental

b)

Imitative

c)

Radical

d)

Revolutionary

36.

Revolutionary innovation is new to the individual, the firm, and the world.

a)

True

b)

False

37.

In product innovation, which of the following refers to the basic functions of the product?

a)

Tangible specifications

b)

Augmented features

c)

Core benefits

d)

Packaging design

38.

Augmented features refer to additional benefits, such as after-sale service.

a)

True

b)

False

39.

Which is a technological type of process innovation?

a)

New types of machinery

b)

New marketing slogan

c)

Customer loyalty program

d)

Employee dress code

40.

Organizational process innovation focuses on new ways to organize work.

a)

True

b)

False

41.

Diffusion of innovation identifies (a)   categories of adopters.

42.

Which adopter group needs the most time and proof before adopting innovation?

a)

Early majority

b)

Innovators

c)

Early adopters

d)

Late majority

43.

Early adopters are often opinion leaders.

a)

True

b)

False

44.

The best opportunities for innovation often lie between incremental and (a)   innovation.

45.

A new calculator model with slightly better battery life would be:

a)

Revolutionary

b)

Incremental

c)

Radical

d)

Imitative

46.

Diffusion of innovation strategies should be tailored to each adopter category.

a)

True

b)

False

47.

Diffusion of innovation strategies should be tailored to each adopter category.

a)

True

b)

False

48.

A set of products that share common technology is called a product (a)   .

49.

Invention is primarily driven by:

a)

Marketing

b)

Customer demand

c)

Research and development

d)

Manufacturing

50.

Which is a potential advantage of being a first mover?

a)

Lower R&D costs

b)

Market leadership

c)

Less risk of failure

d)

No competition

51.

Fast followers can benefit from observing first movers' mistakes.

a)

True

b)

False

52.

Entering a market early can result in a (a)   advantage.

53.

Which of the following is a risk for first movers?

a)

Brand recognition

b)

Uncertain market acceptance

c)

Patent ownership

d)

Cost advantages

54.

Timing of entry decisions are irrelevant in saturated markets.

a)

True

b)

False

55.

Late movers often compete through (a)   pricing strategies.

56.

Which timing strategy focuses on rapid market entry after validation by pioneers?

a)

First mover

b)

Early follower

c)

Late entrant

d)

Niche entrant

57.

First movers always have higher profits than late entrants.

a)

True

b)

False

58.

In technology markets, timing of entry can impact both market share and (a)   .

59.

A company entering during the growth stage of the S-curve is likely to:

a)

Face minimal competition

b)

Benefit from proven demand

c)

Have the highest risk

d)

Operate in a declining market

60.

Timing of entry is more critical in industries with short product life cycles.

a)

True

b)

False

61.

Fast followers can save costs by avoiding early-stage (a)   .

62.

Which is NOT a factor influencing timing of entry?

a)

Technology readiness

b)

Market size

c)

Weather conditions

d)

Competitor strength

63.

Strategic alliances can help late entrants gain market access faster.

a)

True

b)

False

64.

First mover advantage can be strengthened by securing strong (a)   protection.

65.

Strategic direction provides:

a)

A daily checklist

b)

A long-term vision and mission

c)

Operational troubleshooting

d)

Financial auditing

66.

A clear mission statement helps guide technology investments.

a)

True

b)

False

67.

The strategic direction aligns organizational resources with (a)   opportunities.

68.

Which element defines what the organization wants to achieve in the long term?

a)

Mission

b)

Vision

c)

Values

d)

Strategy map

69.

Core competencies should be aligned with strategic direction.

a)

True

b)

False

70.

An organization's (a)   defines its core purpose.

71.

Which of these is a tool for defining strategic direction?

a)

SWOT analysis

b)

Payroll software

c)

Production line balancing

d)

File management

72.

Strategic direction is fixed and should never be changed.

a)

True

b)

False

73.

A well-defined strategy helps in allocating (a)   effectively.

74.

Which adopter category is the largest in Rogers’ Diffusion of Innovations model?

a)

Innovators

b)

Early adopters

c)

Early majority

d)

Late majority

75.

Which is NOT part of defining strategic direction?

a)

Setting goals

b)

Assessing competition

c)

Random decision-making

d)

Identifying opportunities

76.

Technology choices should reflect strategic priorities.

a)

True

b)

False

77.

Strategic direction ensures all departments work toward common (a)   .

78.

Which strategic direction tool matches strengths with opportunities?

a)

Balanced scorecard

b)

SWOT

c)

PESTLE

d)

Benchmarking

79.

Vision statements are focused on the present situation.

a)

True

b)

False

80.

A company's vision should be (a)   but achievable.

81.

Collaboration strategies help organizations:

a)

Work in isolation

b)

Share resources and expertise

c)

Avoid partnerships

d)

Reduce communication

82.

Joint ventures are a form of collaboration.

a)

True

b)

False

83.

Strategic alliances allow companies to pool (a)   .

84.

Which is NOT a type of collaborative arrangement?

a)

Licensing

b)

Franchising

c)

Hostile takeover

d)

Joint R&D

85.

Collaboration can reduce innovation costs.

a)

True

b)

False

86.

Which type of innovation provides the greatest performance improvement or cost reduction?

a)

Incremental innovation

b)

Radical innovation

c)

Imitative innovation

d)

Process innovation

87.

In collaboration, trust and (a)   are essential for success.

88.

Which is a benefit of collaboration?

a)

Market access

b)

Knowledge sharing

c)

Risk sharing

d)

All of the above

89.

Collaboration strategies are only useful in large organizations.

a)

True

b)

False

90.

Collaboration with suppliers can improve (a)   efficiency.

91.

Which collaboration type involves sharing intellectual property?

a)

Licensing

b)

Acquisition

c)

Outsourcing

d)

Sponsorship

92.

Alliances can help firms enter foreign markets.

a)

True

b)

False

93.

Which factor is NOT critical for successful collaboration?

a)

Shared goals

b)

Mutual trust

c)

Poor communication

d)

Clear agreements

94.

Collaborations always involve equal investment from both parties.

a)

True

b)

False

95.

Collaboration agreements should include clear (a)   of roles.

96.

Which type of partnership is typically temporary and project-based?

a)

Joint venture

b)

Strategic alliance

c)

Consortium

d)

Merger

97.

Cross-industry collaborations can drive innovation.

a)

True

b)

False

98.

Partnering with universities can give access to new (a)   .

99.

Which collaboration form is often used in technology development?

a)

Joint R&D

b)

Hostile takeover

c)

Outsourcing

d)

Monopoly

100.

Collaboration strategies are irrelevant in fast-changing industries.

a)

True

b)

False

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