Management of Technology and Innovation: Chapter 1 Quiz

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30 Questions

What is the origin of the word 'technology'?

A combination of two Greek words

How can technology be defined?

The collection of production possibilities, techniques, methods, and processes

What does technology encompass in terms of products and processes?

Tools, equipment, and machinery

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

The theoretical and practical knowledge, skills, and artifacts

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

The application of science especially to industrial or commercial objectives

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

Both the theoretical and practical knowledge and the technical means used to improve surroundings

What does the word 'logos' mean?

To speak of

Which element is implied in each definition of technology?

Systematic approach

What does 'technology' refer to?

Theoretical and practical knowledge, skills, and artifacts

How is an invention different from technology?

An invention is an idea that does not enter the economic system

What is the main focus of technology?

Making things happen

What is innovation?

A transformation of an invention into a product sold on the market

What is the difference between knowledge and technology?

Knowledge is reflected in inventions, while technology is for product manufacture

What should knowledge be according to the text?

It must be organized in providing solutions to problems

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

Combination of two Greek words, techne and logos

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

Application of science to achieve commercial objectives

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

The entire body of methods and materials

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

The application of knowledge to perform work

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?

The entire body of methods and materials used to achieve industrial or commercial objectives

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

The entire body of methods and materials used to achieve industrial or commercial objectives

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

Systematic approach to deliver desired outcomes

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

Inventions have not yet entered the economic system

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

Techne

What is the essence of innovation according to the text?

Transforming an invention into a product or service

How does technology differ from knowledge based on the text?

Technology reflects in industrial plants, design, installation, operation, and maintenance of equipment

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

Science focuses on making things happen, while technology is concerned with how and why things happen

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

"To speak of"

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

"Change as an outcome of technology"

How is innovation defined based on the information provided?

New ideas that work

What does technology encompass in terms of products and processes?

Systematic knowledge for product manufacture and service provision

Test your understanding of concepts related to the management of technology and innovation, including definitions, patents, licenses, trademarks, techniques, advertising, and manufacturing.

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