NETW583 FINAL EXAM

1. (TCO A) The relationship between speed of innovation and product obsolescence is (Points : 5) direct (as innovation speed increases, products become obsolete more quickly). inverse (as innovation speed increases, products become obsolete more slowly). indirect (there is an effect, but it cannot be directly determined). nonexistent (there is no relationship at all).

Question 2.2. (TCO A) Which of the following products would be considered novel? (Points : 5) A detergent advertises that it can remove spots. A company announces it has produced a recreational hovercraft for sale in toy stores. A cell phone company announces that it now offers text messaging. A college announces it will install artificial turf on its football field.

Question 3.3. (TCO B) During the 1990s, more and more people started using cell phones. As a result, the cell phone (Points : 5) began to deteriorate in quality because the industry could not keep up with production. became more expensive in response to increased demand. became better in quality. began to lose its technological utility.

Question 4.4. (TCO B) The scientists at Gerusa are former award-winning Soviet scientists who have all focused their attention on a cancer treatment. Working together, they have come up with remarkable solutions. The knowledge base they have (Points : 5) is explicit. is easily imitable. is socially complex. has a low degree of appropriability.

Question 5.5. (TCO C) Many people dream of opening their own restaurant someday and restaurant supply houses provide easy financing for equipment. This is one of the reasons why the _____ in this industry is so high. (Points : 5) failure rate exit barrier threat of entry technological breakthrough

Question 6.6. (TCO C) For several years, Mountain Home University had used IBM computers. Recently,