AIMA Solved Assignments for OM02
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Subject Code: OM02
Subject Name: TECHNOLOGY MANAGEMENT
Component name: ASSIGNMENT 1
Question 1:- what all are NOT required in evolution process for an innovation
a) Product life cycle
b) competitor response
c) Price
d) market growth
Question 2:- Tesla is introducing electric CAR in India, always looking to provide better environment to the world, with this motto what type of technology should they develop?
a) Emerging technology
b) High technology
c) Sustainable technology
d) Both a and b
Question 3:- Factors that NOT affect the first and repeat purchase of new product
a) Adopter
b) Innovation
c) Environment
d) Recycling
Question 4:- The benefits of mergers and acquisition of technology includes
a) Increase the speed to market
b) utilizing the ideal money
c) to survive in market
d) to gain market share
Question 5:- The highly successful innovation is a mix of
a) Production, revenue, growth
b) Desirable, feasible, saleable
c) desirable, profitable, saleable
d) production, sell, revenue
Question 6:- The method used to assess the technology for development of COVID medicine is based on
a) Quantitative synthesis (Meta analysis)
b) Cost effective analysis (CEA)
c) efficacy and effectiveness
d) Cost benefit analysis(CBA)
Question 7:- The design of innovative product required these three innovative steps
a) Discovery, definition , evaluation research
b) need survey, satisfaction survey, exit survey
c) growth rate, productivity, maturity
d) None of these
Question 8:- The value of the successful technology is more than the ROI
a) TRUE
b) FALSE
c) can`t be compared
d) None of these
Question 9:- The relation of marketing expenses on product life cycle declination stage is
a) marketing expenses should be increased
b) marketing expenses should be decreased
c) marketing expenses should be kept constant
d) the relationship cannot be generalized
Question 10:- choose the correct chronological order of technology revolution
a) Electricity, telephone, internet, block chain
b) Industrial engineering, telephone, Electricity, blockchain, internet
c) electricity, telephone, internet, supply chain, industrial engineering
d) electricity, telephone, internet, block chain, supply chain
Question 11:- The innovation success is the function of
a) Relative advantage
b) relative cost
c) supply chain
d) Both a and b
Question 12:- The tool used to make a decision regarding investment in technology to get financial benefits :
a) Net present value
b) Payback period
c) Both a and b
d) None of A and B as the computation is not possible
Question 13:- The impact of technology on production process is
a) results in mass production and huge inventory
b) results in huge inventory and customize production
c) results in reduced inventory and customize production
d) results in big warehouse and loosely connected suppliers
Question 14:- Past two decades it has been seen that the one becomes market leader if
a) Technology and innovation is managed beyond customer imagination
b) surviving the competitors at low possible cost and continuously search the new market
c) Invest in innovation and too much disruptive in nature
d) It is generous and only thinking of human kind
Question 15:- If one technology life cycle consist of sub technology cycle then
a) the study of sub technology S curve is not required as demand curve will take care of it
b) Study of each sub technology S curve is important to get idea about next sub technology c) the study of sub technology S curve is not required as market is changing very fast
d) Both a and c
Question 16:- The first and foremost thing in technological innovative project management is
a) Measurable (able to quantify the output)
b) Realistic (must be implemented and understandable)
c) Gap analysis (why, what, how)
d) integrate and forecastable (recognize future trend)
Question 17:- Diffusion curves are drawn to know about
a) the rate of adoption of technology
b) the degree to which innovation is compatible with the values of user
c) the degree to which innovation is considered as complex
d) All of these
Question 18:- The primary focus of Management of Technology(MOT) is
a) Engineering
b) Wealth creation
c) Social benefit
d) innovative practices
Question 19:- The factor/s results in successful technology transfer project after 1980`s in US are
a) Diverse market
b) landmark inventions
c) New technology
d) All of these
Question 20:- The company with technological advantage able to charge premium price as
a) Knowledge gap between the company and customer is high
b) knowledge gap between the company and the customer is same
c) knowledge gap between the company and the customer is low
d) None of these
Subject Code: OM02
Subject Name: TECHNOLOGY MANAGEMENT
Component name: ASSIGNMENT 2
Question 1:- Product life cycle extensions are required at which stage of life cycle
a) Growth
b) Maturity
c) Decline
d) Introduction
Question 2:- The technology create wealth is evident from which of the true statements
a) There are more technological firms in fortunes 500
b) Top five companies of the world are based on their own developed technology
c) developed economies are those who use technology to create wealth
d) All of these
Question 3:- Adopter characteristics that affect the purchase of new product includes
a) Risk
b) Value
c) word of mouth
d) All of these
Question 4:- The technology risk management can be performed
a) by using Simulations
b) By SWOT analysis
c) By surveys
d) By forecast
Question 5:- Which of the following is high risk takers in innovative products
a) Early adopters
b) Later majority
c) loggards
d) Early majority
Question 6:- Technology transfer is a great tool to gain competitive advantage used by technology enabled countries like Japan, Germany, US.
a) Yes, by means of that they earn revenue and can further invest in technology
b) No, they will lose the core competency of that technology
c) Yes, but buyer countries are not getting much benefit from technology transfer
d) None of these
Question 7:- What are the two behaviour of customer on which first seminal purchase model Bass(1969) was based
a) Innovative and restrictive
b) Innovative and imitative
c) restrictive and imitative
d) None of these
Question 8:- The technology adoption decision time can be arranged in increasing order as,
a) laggards, leaders, followers, innovators
b) leaders, followers, innovators, laggards
c) innovators, leaders, followers, laggards
d) innovators, laggards, followers, leaders
Question 9:- For innovative product like apple iphone, which roll out strategy you will prefer
a) waterfall strategy
b) sprinkler strategy
c) Loop strategy
d) None of these
Question 10:- The role of technology auditor is
a) identify technology gap
b) procure the technology
c) provide training to human resource
d) None of these
Question 11:- Innovation characteristics that affect the purchase behaviour
a) Availability
b) usefulness
c) Ease of use
d) Cost price
Question 12:- The impact of technology is evident on life cycle of product as
a) over a period of time life cycle of product decreases due to fast change in technology
b) over a period of time life cycle of product intact due to persistent technology reform
c) over a period of time life cycle of product has increases as the life expectancy is also increased
d) over a period of time life cycle of product has nothing to do with non-technological thing.
Question 13:- The purpose of technology audit is to identify the
a) technology gap
b) strength and weakness
c) future technology planning
d) All of these
Question 14:- According to Gibson and Slimor technology transfer model 1991, the three level of involvement are:
a) Application, acceptance, development
b) Development, acceptance, application
c) acceptance, application and development
d) application, development and acceptance
Question 15:- The S curve is very important tool to study the technological progress as
a) it hints about information about the return of investment
b) It hints about the mature technology and time to substitute
c) it hint us about the competitive analysis.
d) All of these
Question 16:- The innovation often is the function of
a) Restructuring
b) Reengineering
c) Both A and B
d) None of these
Question 17:- According to Technology Acceptance Model (TAM), the adoption of technology is driven by the external factor/s
a) Perceived Usefulness
b) Perceived Ease of Use
c) Actual System Use
d) Both A and B
Question 18:- The long term strategic business decision regarding technology is
a) Take help from external research cooperation to avoid existing routines
b) strengthen the existing technology so that cost benefit occurs
c) stick to your core competency and search are new markets
d) provide ample training to workers regarding the existing technology
Question 19:- What activity should be focused at declining stage of technological life cycle
a) Push marketing strategies to increase sales
b) Reengineering and value destruction
c) Monitors the competitors
d) Collaboration with the competitors
Question 20:- During the implementation of new technology and its management in developed countries, the aspects must be covered are
a) purchasing, estimation, growth
b) sustainability, social responsibility and ethical behaviour
c) Output, Progress, convenience
d) implementation, dissemination and control