ECONOMICS (CBSE/UGC NET)

ECONOMICS

SUPPLY

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A company invests in new technology, but the new machines are constantly breaking down?

A	shifts right
B	shifts left
C	movement up the supply curve
D	movement down the supply curve

Explanation:

Detailed explanation-1: -New technologies often have security vulnerabilities: as new technologies work through a maturity cycle there are points for disruption and breaches, adopting new technologies can expose industries and organizations to new security threats (source).

Detailed explanation-2: -increased dependency on technology. often large costs involved with using the latest technology (especially for small businesses) increased risk of job cuts. closure of high street stores in favour of online business.

Detailed explanation-3: -1. Artificial Intelligence (AI)

Detailed explanation-4: -Adopting new tech just because it’s new. Not implementing the right systems and procedures. Failing to win staff over to the new technology. Not training staff adequately in the utilization of the new technology. Not monitoring the data.

There is 1 question to complete.