Business Management - True or False Part 1 Chapter 1

Walmart is a goods producing business.

False

Honda is a goods producing business.

True

The government blocks mergers and acquisitions because they want to have control over the business and stop competitors from entering the market.

False

Employees can be both internal and external stakeholders if they live in the community where they work.

True

You will only have one group of stakeholders ever be affected by a business decision.

False

Social changes like more women working is an external factor that can affect business strategy and decision making.

True

A free market system is good for consumers because it allows competition which keeps prices lower, creates choices and makes businesses be more innovative.

True

A recession is where there are two or more consecutive quarters of decline in Inflation.

False

When the government decreases taxes, business and consumer spending increases.

True

When the government increases interest rates business and consumer spending increases.

False