Introduction to Business Chapter 4

Corporate American Administration helps new businesses start by guaranteeing private bank loans.

• True

• False

Domestic commerce refers to business dealings with companies that do business in only 1 state.

• True

• False

The Age Discrimination in Employment Act bars employers from using age as basis for employment

• True

• False

Local telephone service, water, gas, and electricity are examples of government utilities.

• True

• False

The Bureau of Labor Statistics is a government agency that provides information to businesses.

• True

• False

The government obtains revenue through saving and investing.

• True

• False

Many utility companies are privately owned but the government regulates them.

• True

• False

Two things that must not be used in the hiring decisions are prejudices and personal biases.

• True

• False

Two examples of non-renewable resources are crops and paper.

• True

• False

A retail salesperson and real estate agent are 2 examples of government workers.

• True

• False