#1
Which of the following is a primary driver of industrial transformation?
Automation and robotics
ExplanationAutomation and robotics are key factors propelling industrial transformation by enhancing efficiency and productivity.
#2
What is the term for the integration of digital technology in all areas of a business?
Digitalization
ExplanationDigitalization refers to the widespread integration of digital technology across various aspects of business operations.
#3
Which of the following is a factor contributing to global industrialization?
International trade and investment
ExplanationGlobal industrialization is propelled by factors such as international trade and investment.
#4
Which sector is often considered the backbone of many industrial economies?
Manufacturing
ExplanationManufacturing is often regarded as the backbone of industrial economies due to its central role in production.
#5
What is a characteristic feature of Industry 4.0?
Integration of cyber-physical systems
ExplanationIndustry 4.0 is characterized by the seamless integration of physical and digital systems, known as cyber-physical systems.
#6
What is the primary aim of economic restructuring in industrial transformation?
To enhance efficiency and competitiveness
ExplanationEconomic restructuring aims to improve efficiency and competitiveness in the transformed industrial landscape.
#7
What does the term 'deindustrialization' refer to?
The decline of industrial activity in a region or country
ExplanationDeindustrialization signifies the reduction or decline of industrial activities within a specific region or country.
#8
Which of the following is a characteristic of the Third Industrial Revolution?
Development of digital technology
ExplanationThe Third Industrial Revolution is marked by the advancement of digital technology.
#9
What is the primary goal of industrial policy?
To encourage economic growth and development
ExplanationIndustrial policy aims to foster economic growth and development through strategic interventions and support.
#10
What is a common feature of a knowledge-based economy?
Emphasis on intellectual capital and innovation
ExplanationKnowledge-based economies prioritize intellectual capital and innovation as fundamental features.
#11
Which of the following is NOT a consequence of industrial transformation?
Decreased efficiency
ExplanationIndustrial transformation typically leads to increased efficiency, making decreased efficiency an uncommon consequence.
#12
What is a key aspect of sustainable industrial transformation?
Environmental stewardship
ExplanationSustainable industrial transformation emphasizes responsible practices, including environmental stewardship.
#13
What role does technological innovation play in industrial transformation?
It accelerates change and drives productivity
ExplanationTechnological innovation plays a pivotal role in speeding up change and boosting productivity during industrial transformation.
#14
What is a significant challenge associated with rapid industrial transformation?
Environmental degradation
ExplanationRapid industrial transformation often poses challenges, with environmental degradation being a significant concern.
#15
Which factor is driving the shift towards circular economies in industrial practices?
Growing concerns about environmental sustainability
ExplanationThe shift towards circular economies is driven by increasing concerns about environmental sustainability in industrial practices.
#16
What is a primary challenge associated with the adoption of smart manufacturing?
Cybersecurity risks
ExplanationThe adoption of smart manufacturing is accompanied by challenges, with cybersecurity risks being a primary concern.