CHAPTER 6: THE WORLD OF AMERICAN 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 American 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 practical nothing.

• TRUE

• FALSE

Some American companies moves to their factories overseas because they could not 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 United States than small businesses.

• TRUE

• FALSE

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

• TRUE

• FALSE