25 May Question 41. The major difference between businesses and non
Question
41. The major difference between businesses and nonprofit organizations is that only businesses can increase the standard of living, while only nonprofit organizations can improve the quality of life.
True False
42. A charitable organization, such as the Red Cross or Salvation Army, is classified as a for-profit organization.
True False
43. It was reported by a Beijing newspaper that China succeeded in improving its people’s standard of living and establishing a relatively affluent society in the past seven years. This report clearly indicates that both income levels and the price of goods and services rose significantly during that time period.
True False
44. Starting a business is a riskier path toward business success than working your way up the ranks of a large business.
True False
45. Working as an entrepreneur is the only way to succeed in business.
True False
46. Paid vacations and health care insurance are among the benefits provided by the government to entrepreneurs.
True False
47. Women currently own less than ten percent of all businesses.
True False
48. The number of businesses owned by Asians, Hispanics, and American Indians has grown dramatically.
True False
49. Land, sometimes called natural resources, is the most critical factor of production in explaining why some countries are poor while others are rich.
True False
50. Money is one of the five factors of production that contribute to the creation of wealth.
True False
51. Tools, machinery, and buildings are examples of capital resources.
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