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Which trend has the following potential business impact? The time to get products and services to market is being shortened by technology.


A) The global economy is becoming more integrated
B) Pace of technological innovation is increasing
C) The economy and society are dominated by technology
D) Time is becoming one of the world's most precious commodities

E) A) and D)
F) A) and C)

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Which trend has the following potential business impact? Top managers must be computer literate to retain their jobs and achieve success.


A) The global economy is becoming more integrated
B) Pace of technological innovation is increasing
C) The growth in information industries is creating a knowledge-dependent global society
D) The economy and society are dominated by technology

E) A) and D)
F) A) and C)

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Medical knowledge is _________ every eight years.

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People in developing countries are living longer.

A) True
B) False

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Computer _________ occurs when a complex system,such as the U.S.economy,is modelled by means of mathematical equations and different scenarios are run against the model to determine 'what-if' analysis.

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What percentage is all of today's technical knowledge likely to represent in 2050?


A) One
B) Ten
C) Twenty
D) Fifty

E) A) and B)
F) A) and D)

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Which of the following is not one of the top reasons organisations should study trends?


A) Generate current revenue
B) Gain confidence
C) Generate ideas
D) Beat the competition

E) A) and B)
F) All of the above

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__________________ are generally higher paid and their proliferation is going to increase overall prosperity.

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All of the following jobs are going to be increasingly performed by robots,except:


A) Mundane commercial and service jobs
B) Environmentally dangerous jobs
C) The repair of inaccessible equipment such as space stations
D) Jobs performed by scientists,engineers and technicians

E) A) and B)
F) A) and C)

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Trend ____________ is the examination of a trend to identify its natures,causes,speed of development and potential impacts.

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Internet-based operations require sophisticated knowledge workers and,thus,people with the right technical skills are likely to be heavily recruited over the next _____years.

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15 years

Which trend has the following potential business impact? Demand for personnel in distant countries is going to increase the need for foreign language training,employee incentives suited to other cultures,and many other aspects of performing business globally.


A) The global economy is becoming more integrated
B) Pace of technological innovation is increasing
C) The growth in information industries is creating a knowledge-dependent global society
D) The economy and society are dominated by technology

E) None of the above
F) B) and C)

Correct Answer

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What are the life expectancies for men and women in many developed countries?


A) Over 65 years for males and over 75 years for females
B) Over 80 years for males and over 75 years for females
C) Over 75 years for males and over 80 years for females
D) Over 70 years for males and over 80 years for females

E) B) and C)
F) A) and D)

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Trends viewed as particularly important in a specific community,industry or sector are carefully monitored,watched and reported to key decision makers is known as trend ____________.

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How long does a product's entire life cycle last today?


A) 4 weeks
B) 40 weeks
C) 4 months
D) 4 years

E) A) and B)
F) B) and C)

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B

Trend projection is the examination of a trend to identify its nature,causes,speed of development,and potential impacts.

A) True
B) False

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What is trend projection?


A) When numerical data is available,a trend can be plotted to display changes through time and into the future
B) A trend is examined to identify its nature,causes,speed of development and potential impacts
C) Trends viewed as particularly important in a specific community,industry or sector are carefully monitored,watched and reported to key decision makers
D) Complex systems can be modelled by means of mathematical equations and different scenarios can be run against the model to determine 'what if' analysis

E) None of the above
F) B) and C)

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The time to get products and services to market is being shortened by __________ .

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Technology

The world's population is expected to double over the next ___________ years.

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Organisations carefully watch trends for reasons including:


A) Find new ideas and innovations by studying trends and analysing publications
B) Thinking about the future is an antidote to a 'profit now,worry later' mentality that can lead to trouble in the long term
C) Any organisation that wants to compete in this hyperchanging world needs to make every effort to forecast the future
D) All of the answers are correct

E) None of the above
F) A) and C)

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