1.1 New Emerging Tech

Question 1

What are 3 benefits of new technology for the industry?

Answer 1

-cutting cost due to increased efficiency
-quicker production and manufacture
-decrease human error

Question 2

What are the disadvantages of new technology in the industry?

Answer 2

-makes lower skilled jobs redundant
-may cause wide spread unemployment
-employees have to constantly improve their workforce skill set

Question 3

Due to the demographic movement, what are some advantages for the home country?

Answer 3

• less people to house and feed
• extra income sent back home
• reduces competition for jobs

Question 4

Due to the demographic movement, what are some disadvantages for the home country?

Answer 4

• loss of young people
• families become divided
• aging population

Question 5

Due to the demographic movement, what are some advantages for the host country?

Answer 5

• no labor shortages
• increased cultural diversity
• lower cost of labor

Question 6

Due to the demographic movement, what are some disadvantages for the host country?

Answer 6

• Language barriers
• pressure on housing and health services

Question 7

How does new tech impact enterprises?

Answer 7

• reduces cost of manufacture in the long run
• expensive investment
• may rely on crowdfunding

Question 8

What are 3 methods to decrease transportation costs?

Answer 8

• shift from diesel to electric
• Establishing distribution centers
• designing lighter and compact products

Question 9

What are four ways to reduce waste generated with new tech?

Answer 9

• Reducing (for example using emails instead of letters)
• Reusing (for example poly bags can be repurposed around the house)
• Recycling (paper, plastic, glass)
• Recovering (may be used as fuel that provides thermal energy to generate electricity)

Question 10

What are the effects of new tech in the workforce? (Wfh)

Answer 10

-increased flexibility
- work from home
- blurs lines between professional n personal boundaries

Question 11

What are the effects of new tech to children? (3)

Answer 11

-develops academic and practical skills
- encourages innovation and creativity
- may form an unhealthy lifestyle due to increased dependency on tech

Question 12

What are the effects of new tech on wage levels?

Answer 12

• tech breeds automation
• demand for highly skilled workers increases
• creates opportunities for apprentices

Question 13

What is a society?

Answer 13

A large group of people living together that share the same cultural ideas or beliefs.

Question 14

What are the impacts of new tech in society?

Answer 14

-Changes in working hours/shift patterns
-Internet of things (IoT)
- remote working

Question 15

What are some advantages of video conference meetings?

Answer 15

• Don’t have to leave the office
• saves time and cost of travel
• reduces pollution
• encourages collaboration
• can be recorded and replayed

Question 16

What are some disadvantages of video conference meetings?

Answer 16

-time zone differences
- lack of social interaction
- confidential docs need to be signed in person

Question 17

What are the 7 methods of production?

Answer 17

1. One-off
2. Batch
3. Just in Time
4. Mass
5. Continuous
6. Lean Manufacturing
7. Standardized design & components

Question 18

What are two ways an enterprise can be funded?

Answer 18

• Government Funding
• Crowd funding