This OpenStax ancillary resource is © Rice University under a CC BY 4.0 International license; it may be reproduced or modified but must be
attributed to OpenStax, Rice University and any changes must be noted.
Chapter 18 MANAGEMENT OF TECHNOLOGY AND INNOVATION
TRUE-FALSE QUESTIONS
Title: ANSWER: F REFERENCE: MTI—Its Importance Now and In the Future LEARNING OUTCOME: 1
1. The Industrial Revolution resulted in the network based structure for organizations.
a. True
b. False
Title: ANSWER: T REFERENCE: MTI—Its Importance Now and In the Future LEARNING OUTCOME: 1
2. Two of the key concepts in technology management are technology strategy and technology
roadmapping.
a. True
b. False
Title: ANSWER: F REFERENCE: MTI—Its Importance Now and In the Future LEARNING OUTCOME: 1
3. The management of innovation is the same as planning new products, services, brand extensions, or
technology inventions.
a. True
b. False
Title: ANSWER: T REFERENCE: MTI—Its Importance Now and In the Future LEARNING OUTCOME: 1
4. Casting a wide net while trying to keep up with potential changes in the firm, the market, the
competition is crucial in innovation management.
a. True
b. False
Title: ANSWER: F REFERENCE: Developing Technology and Innovation LEARNING OUTCOME: 2
5. The only thing a firm can and should do to balance the conflicting demands of being agile in a dynamic
environment is to design systems and processes that can identify, assess, and develop technology based
opportunities.
a. True
b. False
Title: ANSWER: T REFERENCE: Developing Technology and Innovation LEARNING OUTCOME: 2
6. Internal sources of new technology/innovation for the organization include research and development
of new products as well as reconfiguring or developing new processes.
a. True
b. False
Title: ANSWER: F REFERENCE: External Sources of Technology and Innovation LEARNING OUTCOME: 3
7. The major advantage of using an external process is safety—for the focal firm, the safety net needed to
blend an acquired technology or innovation is usually much safer than the risks of trying to make a
discovery and bring it to market or implement it within the firm.
a. True
b. False
Title: ANSWER: F REFERENCE: External Sources of Technology and Innovation LEARNING OUTCOME: 3
, Principles of Management
8. Franchise agreements involve technology acquisition without R&D.
a. True
b. False
Title: ANSWER: T REFERENCE: External Sources of Technology and Innovation LEARNING OUTCOME: 3
9. The contract costs and constraints are the disadvantages of licensing agreements.
a. True
b. False
Title: ANSWER: F REFERENCE: Internal Sources of Technology and Innovation LEARNING OUTCOME: 4
10. The most common type of internal process for technology and innovation in the organization is joint
venture.
a. True
b. False
Title: ANSWER: T REFERENCE: Internal Sources of Technology and Innovation LEARNING OUTCOME: 4
11. The disadvantages of R&D are that it is usually slower and more costly and can be disrupted by the
departure of key personnel.
a. True
b. False
Title: ANSWER: F REFERENCE: Management Entrepreneurship Skills for Technology and Innovation
LEARNING OUTCOME: 5
12. Research finds that starting of a new business is the safest approach for introducing new products and
processes.
a. True
b. False
Title: ANSWER: T REFERENCE: Management Entrepreneurship Skills for Technology and Innovation
LEARNING OUTCOME: 5
13. Entrepreneurs, by definition, are more agile than the more-established organizations..
a. True
b. False
Title: ANSWER: T REFERENCE: Skills Needed for MTI LEARNING OUTCOME: 6
14. Organizational learning is the acquisition of knowledge through the collection of data that is analyzed
to gather information, which is then transferred and shared through communication among members of
the organization.
a. True
b. False
Title: ANSWER: F REFERENCE: Skills Needed for MTI LEARNING OUTCOME: 6
15. Tacit knowledge is codified or written down as rules or guidelines.
a. True
b. False
Title: ANSWER: T REFERENCE: Skills Needed for MTI LEARNING OUTCOME: 6
This OpenStax ancillary resource is © Rice University under a CC BY 4.0 International license; it may be reproduced or modified but must be
May 2, 2019 2
attributed to OpenStax, Rice University and any changes must be noted.
Chapter 18 MANAGEMENT OF TECHNOLOGY AND INNOVATION
TRUE-FALSE QUESTIONS
Title: ANSWER: F REFERENCE: MTI—Its Importance Now and In the Future LEARNING OUTCOME: 1
1. The Industrial Revolution resulted in the network based structure for organizations.
a. True
b. False
Title: ANSWER: T REFERENCE: MTI—Its Importance Now and In the Future LEARNING OUTCOME: 1
2. Two of the key concepts in technology management are technology strategy and technology
roadmapping.
a. True
b. False
Title: ANSWER: F REFERENCE: MTI—Its Importance Now and In the Future LEARNING OUTCOME: 1
3. The management of innovation is the same as planning new products, services, brand extensions, or
technology inventions.
a. True
b. False
Title: ANSWER: T REFERENCE: MTI—Its Importance Now and In the Future LEARNING OUTCOME: 1
4. Casting a wide net while trying to keep up with potential changes in the firm, the market, the
competition is crucial in innovation management.
a. True
b. False
Title: ANSWER: F REFERENCE: Developing Technology and Innovation LEARNING OUTCOME: 2
5. The only thing a firm can and should do to balance the conflicting demands of being agile in a dynamic
environment is to design systems and processes that can identify, assess, and develop technology based
opportunities.
a. True
b. False
Title: ANSWER: T REFERENCE: Developing Technology and Innovation LEARNING OUTCOME: 2
6. Internal sources of new technology/innovation for the organization include research and development
of new products as well as reconfiguring or developing new processes.
a. True
b. False
Title: ANSWER: F REFERENCE: External Sources of Technology and Innovation LEARNING OUTCOME: 3
7. The major advantage of using an external process is safety—for the focal firm, the safety net needed to
blend an acquired technology or innovation is usually much safer than the risks of trying to make a
discovery and bring it to market or implement it within the firm.
a. True
b. False
Title: ANSWER: F REFERENCE: External Sources of Technology and Innovation LEARNING OUTCOME: 3
, Principles of Management
8. Franchise agreements involve technology acquisition without R&D.
a. True
b. False
Title: ANSWER: T REFERENCE: External Sources of Technology and Innovation LEARNING OUTCOME: 3
9. The contract costs and constraints are the disadvantages of licensing agreements.
a. True
b. False
Title: ANSWER: F REFERENCE: Internal Sources of Technology and Innovation LEARNING OUTCOME: 4
10. The most common type of internal process for technology and innovation in the organization is joint
venture.
a. True
b. False
Title: ANSWER: T REFERENCE: Internal Sources of Technology and Innovation LEARNING OUTCOME: 4
11. The disadvantages of R&D are that it is usually slower and more costly and can be disrupted by the
departure of key personnel.
a. True
b. False
Title: ANSWER: F REFERENCE: Management Entrepreneurship Skills for Technology and Innovation
LEARNING OUTCOME: 5
12. Research finds that starting of a new business is the safest approach for introducing new products and
processes.
a. True
b. False
Title: ANSWER: T REFERENCE: Management Entrepreneurship Skills for Technology and Innovation
LEARNING OUTCOME: 5
13. Entrepreneurs, by definition, are more agile than the more-established organizations..
a. True
b. False
Title: ANSWER: T REFERENCE: Skills Needed for MTI LEARNING OUTCOME: 6
14. Organizational learning is the acquisition of knowledge through the collection of data that is analyzed
to gather information, which is then transferred and shared through communication among members of
the organization.
a. True
b. False
Title: ANSWER: F REFERENCE: Skills Needed for MTI LEARNING OUTCOME: 6
15. Tacit knowledge is codified or written down as rules or guidelines.
a. True
b. False
Title: ANSWER: T REFERENCE: Skills Needed for MTI LEARNING OUTCOME: 6
This OpenStax ancillary resource is © Rice University under a CC BY 4.0 International license; it may be reproduced or modified but must be
May 2, 2019 2
