True/False Indicate whether the
statement is true or false.
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1.
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The process of creating, growing, manufacturing or improving products or
services are all considered production activities.
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2.
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Though small businesses are important, they provide less than half of all
private workforce jobs.
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3.
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From 1954 to 1997, imports have become a larger part of the U.S. GDP (Gross
Domestic Product).
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4.
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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.
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5.
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Most businesses are organized to make a profit; there are far fewer non-profit
businesses than there are for-profit businesses.
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Multiple Choice Identify the choice that
best completes the statement or answers the question.
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6.
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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 |
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7.
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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 |
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Numeric Response
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8.
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Small businesses are usually defined as having less than _____________
employees.
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Completion Complete each
statement.
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9.
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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.
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10.
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Businesses targeting a ___________________ market generally sell to customers in
one country.
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