True/False
Indicate whether the
statement is true or false.
|
|
|
1.
|
The process of creating, growing, manufacturing or improving products or
services are all considered production activities.
|
|
|
2.
|
Though small businesses are important, they provide less than half of all
private workforce jobs.
|
|
|
3.
|
From 1954 to 1997, imports have become a larger part of the U.S. GDP (Gross
Domestic Product).
|
|
|
4.
|
In our modern society, the United States is not interdependent on the world
economy; we get all of what we need from inside our borders.
|
|
|
5.
|
Most businesses are organized to make a profit; there are far fewer non-profit
businesses than there are for-profit businesses.
|
Multiple Choice
Identify the choice that
best completes the statement or answers the question.
|
|
|
6.
|
Select the answer that is NOT correct to the statement.
Most businesses can
be categorized by....
a. | size | c. | market | e. | profit orientation | b. | product | d. | country of
origin |
|
|
|
7.
|
Which of the following has NOT helped increase the globalization of businesses
today?
a. | Internet technology | c. | faster transportation | b. | government
assistance | d. | faster financial
flow |
|
Numeric Response
|
|
|
8.
|
Small businesses are usually defined as having less than _____________
employees.
|
Completion
Complete each
statement.
|
|
|
9.
|
A place where products are sold is known as a ____________________________, and
is the essence of the exchange process, where customers exchange their money for goods or
services.
|
|
|
10.
|
Businesses targeting a ___________________ market generally sell to customers in
one country.
|