Answer the following statement(s) true (T) or false (F)

1. Ethnicity is related to factors, such as skin, hair, or eye color, whereas race is associated with sociological factors such as nationality, culture, language and ancestry.
2. As stated in the textbook, it is illegal to fire employees for being lesbian, gay, bisexual, and transgender in all of the United States.
3. Individual differences are the various behavioral similarities and differences between people.
4. Self-esteem is our belief in our ability to succeed in a specific task or situation.
5. Self-esteem is our belief in our ability to succeed in a specific task or situation.


1. FALSE
2. FALSE
3. TRUE
4. FALSE
5. FALSE

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A married person who makes a will generally cannot avoid leaving a certain portion of the estate to the surviving spouse.

Answer the following statement true (T) or false (F)

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Which of the following statements about recent developments in group medical coverage is (are) true?

I. After increasing for many years, the premiums for group medical expense coverage have finally started to decline. II. A growing number of employers are offering plans with higher deductibles for employees. A) I only B) II only C) both I and II D) neither I nor II

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Actual returns are always less than expected returns because actual returns are determined at the

end of the period and must be discounted back to present value. Indicate whether the statement is true or false

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The four major competitive structures are

A. monopolies, oligopolies, oligopolistic monopolies, and pure competition. B. pure competition, heavy competition, moderate competition, and light competition. C. brand, product, total budget, and generic. D. oligopolies, monopolies, monopolistic competition, and pure competition. E. monopolies, limited competition, oligopolistic competition, and pure competition.

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