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1. Global trade provides opportunity for new markets. True/False 2. In order to

ID: 1092372 • Letter: 1

Question

1. Global trade provides opportunity for new markets. True/False

2. In order to make ethical decisions, it is helpful to think about several questions, including: 1) who will be impacted by the decision, 2) who will benefit from the decision, and 3) who will suffer from the decision. True/False

3. A firm will experience a loss when its revenue is less than its expenses. True/False

4. An economy is both a social and a financial system. True/False

5.Rob Smythe collects antique furniture and has been looking for a specific piece to complete a set. He found the furniture at a yard sale at Rob Bibb

Explanation / Answer

1. Global trade provides opportunity for new markets. True

2. In order to make ethical decisions, it is helpful to think about several questions, including: 1) who will be impacted by the decision, 2) who will benefit from the decision, and 3) who will suffer from the decision. True

3. A firm will experience a loss when its revenue is less than its expenses. True

4. An economy is both a social and a financial system. True