Choose the True or False according to the sentence
Money is not considered a factor of production
T
F
A nonprofit organization is a business
T
F
Globalization is characterized by increasing connectivity and interdependence of the world's economies, societies, and cultures
T
F
A recent addition to the traditional factors of production is technology
T
F
Competitive advantage is the ability of an organization to sell goods or services at a lower price than its competitors
T
F
Ethics are principles of right and wrong that influence behavior
T
F
Infrastructure is the physical facilities that form the basis for a country's economic development
T
F
Written standards guiding employees on appropriate ways to treat stakeholders and prohibiting conflicts of interest are called a code of ethics
T
F
A company cannot succeed by doing social good
T
F
The principle of free trade allows for movement of goods and services among nations without political or economic restrictions
T
F
Only large corporations should be concerned with practicing social responsibility
T
F
Global outsourcing presents the lowest risk for a company that wants to reach foreign markets
T
F