Truel false questions
1. the majority of small business firms are successful at the end of ten yeas.
2. for a business to be organized, it must combine four types of resources. workers, natural resource,
ownership
3. the equilibrium price means that the supply and demand for a product are in bance.
4. under communism, individual consumers determine what will be produced
5. hewlett-packard corporation and dell computer use product differentiation in the markeplass.
6. if a firm's sales revenues exceed its expenses, the firm has earned a profit.
7. fiscal policy determines the level of interest rates.
8. the ultimate objectives of business firms should be to satisfy the needs of their customers.
9. adam smith is the father of communism and advocated a classless society.
10. a business cycle consists of four states: peak, recession, trough, and recovery.

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.