Ch 6 - Business

Most American businesses are directly or indirectly owned by the government.

• True

• False

Most Americans believe that business supports ideals and values that are important to the country

• True

• False

Americans believe that competition among businesses is good for the economy but it does little to protect the freedom of the individual.

• True

• False

To succeed in business, Americans believe that family background and social position are more important than anything, including hard work.

• True

• False

Most Americans believe that success in business offers the best chance to fulfill the dream of being wealthy.

• True

• False

A CEO may be admired since he or she started a successful business from practically nothing.

• True

• False

Some American companies move their factories overseas because they couldn't afford to pay the high wages expected in the United States.

• True

• False

Most American companies pay their workers good retirement pensions, so people do not have to worry about having enough money when they stop working.

• True

• False

There are many more large corporations in the US than small businesses.

• True

• False

Even in bad economic times, many Americans still try to start their own small businesses.

• True

• False