Modified TRUE of FALSE. Write T if the statement is TRUE and CHANGE the underline word if the statement is FALSE. _______________1. Legal segments cover inflation and interest rates

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Modified TRUE of FALSE. Write T if the statement is TRUE and CHANGE the underline
word if the statement is FALSE.
_______________1. Legal segments cover inflation and interest rates.
_______________2. There is only one way to determine whether a business is going to
be profitable or not.
_______________3. Social Service (Government) is the service provided or supported
by a government or its agencies.
_______________4. In economics, a feasibility study determines whether certain goods
and services become viable or not.
_______________5. Transportation and Communication are central to the development
of any society and its economy.
_______________6. Industry is a sector in the economy engaged in the process of
producing goods and commodities using tools, machineries and
various equipment.
_______________7. Storage refers to non-transitory, semi-permanent or long term,
containment, holding or placement of goods and materials,
usually with the intention of retrieving them later.
_______________8. Banking and Marketing refers to the process in which bank is a
commercial or government institution offers financial services
such as lending money and collection of deposits.
_______________9. Commerce is a basic economic concept involving the buying and
selling of goods and services with compensation paid by a buyer
to a seller, or the exchange of goods and services between
parties.
_______________10. Agriculture are land and anything fixed, immovable or
permanently attached to it such as buildings, fences, fixtures and
improvements, roads, shrubs and trees, sewers and structures.

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