1. What is the primary goal of technology management?
A) Developing new business models
B) Managing and utilizing technology for competitive advantage
C) Reducing the cost of IT infrastructure
D) Increasing manual labor in industries
Answer: B) Managing and utilizing technology for competitive advantage
2. Which of the following is NOT a key function of technology management?
A) Technology identification
B) Technology development
C) Technology forecasting
D) Technology elimination
Answer: D) Technology elimination
3. What is technology forecasting?
A) Predicting future technological trends and their impact
B) Eliminating obsolete technology from an organization
C) Developing new technology from scratch
D) Analyzing financial risk in IT investments
Answer: A) Predicting future technological trends and their impact
4. Which of the following best describes disruptive technology?
A) A technology that gradually improves existing processes
B) A technology that significantly alters or replaces an existing market
C) A technology that is too expensive for mass adoption
D) A technology that only large corporations use
Answer: B) A technology that significantly alters or replaces an existing market
5. What is the role of a Chief Technology Officer (CTO)?
A) Managing day-to-day operations of a business
B) Overseeing the development and implementation of technology strategy
C) Handling employee payroll and financial transactions
D) Supervising human resources and hiring processes
Answer: B) Overseeing the development and implementation of technology strategy
6. Which of the following is an example of technology diffusion?
A) A company restricting the use of mobile phones in the workplace
B) The gradual adoption of smartphones across different industries
C) The rejection of artificial intelligence in medical applications
D) A single company monopolizing a new technological innovation
Answer: B) The gradual adoption of smartphones across different industries
7. In the context of technology management, what is “open innovation”?
A) Developing technology without any funding
B) Sharing ideas and technology across organizations to drive innovation
C) Keeping research and development confidential
D) Only using technology developed in-house
Answer: B) Sharing ideas and technology across organizations to drive innovation
8. What is the purpose of technology roadmapping?
A) Identifying the cheapest way to implement technology
B) Planning and aligning technology development with business goals
C) Eliminating the need for IT investment
D) Increasing manual labor dependency
Answer: B) Planning and aligning technology development with business goals
9. What does IT governance ensure in technology management?
A) The complete elimination of cybersecurity threats
B) The proper alignment of IT with business strategies
C) That all employees are given equal access to technology
D) That technology is never upgraded
Answer: B) The proper alignment of IT with business strategies
10. Which methodology helps businesses adopt technology efficiently?
A) Waterfall Model
B) Six Sigma
C) Agile Methodology
D) Lean Manufacturing
Answer: C) Agile Methodology