Management of Technology and Innovation: Chapter 1 Quiz
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Questions and Answers

What is the origin of the word 'technology'?

  • A combination of two French words
  • A combination of two Latin words
  • A combination of two English words
  • A combination of two Greek words (correct)

    • How can technology be defined?

  • The collection of production possibilities, techniques, methods, and processes (correct)
  • The management of patents, licenses, and trademarks
  • Theoretical and practical knowledge, skills, and artifacts
  • The application of science to industrial or commercial objectives

    • What does technology encompass in terms of products and processes?

  • Production possibilities and methods for transforming resources
  • Patents, licenses, and trademarks
  • Techniques, advertising, and management
  • Tools, equipment, and machinery (correct)

    • Which definition of technology involves the application of knowledge to perform work?

    <p>The theoretical and practical knowledge, skills, and artifacts</p> Signup and view all the answers

    Which term best defines technology as the entire body of methods and materials used to achieve industrial or commercial objectives?

    <p>The application of science especially to industrial or commercial objectives</p> Signup and view all the answers

    What aspect does the word 'technology' involve according to the given text?

    <p>Both the theoretical and practical knowledge and the technical means used to improve surroundings</p> Signup and view all the answers

    What does the word 'logos' mean?

    <p>To speak of</p> Signup and view all the answers

    Which element is implied in each definition of technology?

    <p>Systematic approach</p> Signup and view all the answers

    What does 'technology' refer to?

    <p>Theoretical and practical knowledge, skills, and artifacts</p> Signup and view all the answers

    How is an invention different from technology?

    <p>An invention is an idea that does not enter the economic system</p> Signup and view all the answers

    What is the main focus of technology?

    <p>Making things happen</p> Signup and view all the answers

    What is innovation?

    <p>A transformation of an invention into a product sold on the market</p> Signup and view all the answers

    What is the difference between knowledge and technology?

    <p>Knowledge is reflected in inventions, while technology is for product manufacture</p> Signup and view all the answers

    What should knowledge be according to the text?

    <p>It must be organized in providing solutions to problems</p> Signup and view all the answers

    What is the origin of the word 'technology' according to the text?

    <p>Combination of two Greek words, techne and logos</p> Signup and view all the answers

    Which of the following is NOT considered as part of the definition of technology presented in the text?

    <p>Application of science to achieve commercial objectives</p> Signup and view all the answers

    Which element does technology encompass in terms of products and processes?

    <p>The entire body of methods and materials</p> Signup and view all the answers

    How is technology defined in terms of the processes used to change inputs into outputs?

    <p>The application of knowledge to perform work</p> Signup and view all the answers

    What is the collection of production possibilities, techniques, methods, and processes by which resources are actually transformed by humans to meet their wants known as?

    <p>The entire body of methods and materials used to achieve industrial or commercial objectives</p> Signup and view all the answers

    What is technology referred to in terms of the application of science, especially to industrial or commercial objectives?

    <p>The entire body of methods and materials used to achieve industrial or commercial objectives</p> Signup and view all the answers

    What is the primary focus of technology according to the text?

    <p>Systematic approach to deliver desired outcomes</p> Signup and view all the answers

    What distinguishes an invention from technology based on the given text?

    <p>Inventions have not yet entered the economic system</p> Signup and view all the answers

    Which term best defines technology as the entire body of methods and materials used to achieve industrial or commercial objectives?

    <p>Techne</p> Signup and view all the answers

    What is the essence of innovation according to the text?

    <p>Transforming an invention into a product or service</p> Signup and view all the answers

    How does technology differ from knowledge based on the text?

    <p>Technology reflects in industrial plants, design, installation, operation, and maintenance of equipment</p> Signup and view all the answers

    What is the fundamental difference between science and technology according to the given text?

    <p>Science focuses on making things happen, while technology is concerned with how and why things happen</p> Signup and view all the answers

    What does the word 'logos' mean according to the information provided?

    <p>&quot;To speak of&quot;</p> Signup and view all the answers

    What is the main outcome of technology according to the text?

    <p>&quot;Change as an outcome of technology&quot;</p> Signup and view all the answers

    How is innovation defined based on the information provided?

    <p>New ideas that work</p> Signup and view all the answers

    What does technology encompass in terms of products and processes?

    <p>Systematic knowledge for product manufacture and service provision</p> Signup and view all the answers

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