truefalsech1std.doc - CH:1 ITEC161 TRUE/ FALSE QUESTIONS 1....

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ITEC161CH:1TRUE/ FALSE QUESTIONS1.__T___As more profit is generated, a company is able to increase its productivity.2._____ A university, an inner city health clinic, and a church are all run specifically to generateprofits.3._____When a business is profitable, the whole society benefits.4.____T_ Barbara owns a bakery in Boston. When her business reached a certain level of profit, shedecided to open three more bakeries in the area. Many businesses, like Barbara's, are able toexpand as they earn more profits.5.__T___Not all businesses provide a product.6.__F___Car insurance is an example of a good.7.
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Term
Winter
Professor
NoProfessor
Tags
Economics, Barbara

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