S25TH - Economic Systems and the Business Environment

True or False. Each day in the United States, thousands of new businesses are born.

• True
• False

True or False. Most new businesses in the U.S. survive and earn good profits.

• True
• False

True or False. Understanding the business environment and adapting the business to that environment is a critical factor in separating the success stories from the tales of business failure.

• True
• False

True or False. Most businesses are organizations that try to earn a profit.

• True
• False

True or False. Businesses earn a profit if their revenue is less than their expenses.

• True
• False

True or False. When interest rates are low, fewer people can afford to buy houses, cars, and other big-ticket items that normally require borrowing money.

• True
• False

True or False. Technology often helps businesses improve their own internal processes.

• True
• False

True or False. Advances in technology can hurt a business, or even drive them out of business.

• True
• False

True or False. The United States has one of the highest standards of living in the world.

• True
• False

True or False. The United States has one of the highest quality of life in the world.

• True
• False