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What evidence from the risk-benefit analysis would most likely convince the company to adopt the technology?

A) Increased productivity
B) Minimal investment costs
C) Potential regulatory compliance
D) Lack of competitor adoption

User Poldixd
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1 Answer

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Final answer:

Increased productivity is the evidence most likely to convince a company to adopt new technology, as illustrated by the example of Technotron, which can produce more goods at a higher quality and lower cost. Market economies generally view technological disruptions as necessary for progress, and long-term benefits like efficiency gains and market stabilization are valued over short-term job losses.

Step-by-step explanation:

From a risk-benefit analysis perspective, the evidence that would most likely convince a company to adopt new technology is increased productivity. This consideration encompasses the ability to produce more with less, leading to a significant competitive advantage in the market. Technotron, our hypothetical company, has invented a technology that allows increased output and quality with fewer workers, which would likely lead to reduced costs and higher profit margins – a compelling reason for any company considering adoption.

Moreover, the context provided suggests that in market economies, advancements and disruptions are often seen as a necessary evolution, similar to how the advent of electricity transformed industries. While there are significant short-term impacts, such as job losses and bankruptcies among competitors, the long-term benefits of such technological growth, increased efficiency, and eventual market stabilization are considered to outweigh the immediate drawbacks. Temporary support for the workforce and encouragement of R&D in other firms help mitigate the negative effects, making increased productivity from the new technology a critical piece of evidence favoring adoption.

User Euther
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