The Solow Residual refers to(Points : 4)
the increased amount of output achievable from a given quantity of labor and capital due to technological innovation.
the less developed nations of the world being left behind due to their slower development of technology.
obsolete products left on the market due to the accelerated product life cycle.
the reduction in the amount of inventory needed by manufacturing firms due to technological improvements in inventory management.
the extra leisure time consumers now enjoy as a result of technological innovation.
| Question 2. 2.(TCO A) Out of all the innovative ideas that come forth, how many become successful products?(Points : 4) |
Very few
Most
About half
Seventy-five percent |
| Question 3. 3.(TCO B) There are network externalities in the internet access market but neither DSL nor Cable Modems has a clear dominance in technology for broadband Internet connections. Which of the following is most likely to be true?(Points : 4) |
there will be great pressure to select a single dominant design by the market.
both platforms might successfully coexist.
customers may face a large degree of ambivalence about the choice among them.
all of the above. |
| Question 4. 4.(TCO B) When both Nintendo and Sega claimed to have over 60 percent market share of the video game console market, both were trying to influence _____________.(Points : 4) |
users perceptions and expectations about the installed base.
perceived technical utility.
pre-order demand.
technology bias.
|
| Question 5. 5.(TCO C) Which of the following would describe a primary activity according to Michael Porter’s model of the value chain?(Points : 4) |
The human resource activities of Wal-Mart
A Wal-Mart advertising campaign
The accounting function at Wal-Mart
The development of new scanning equipment at Wal-Mart |
|
Question 6.6.(TCO D) If a firm has the option of investing in R&D, the cost of implementing the technology is the _______.(Points : 4)
|
exercise price
nature of the option
benefit of exercising the option
the value of the option |
