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C. Promoting employees based on their individual skills
and achievements.
performance
D. Promoting employees who are the most loyal to the boss
regardless of their work quality.
Which two traditional American values have most significantly shaped the U.S. economic system?
Individual freedom and fair competition
Why are "entrepreneurs" celebrated in American culture?
They represent self-reliance and the ability to turn new ideas into profitable businesses
How does "Individualism" manifest in the American workplace?
Employees take personal initiative and are evaluated on individual achievements rather than seniority
What is the purpose of "Networking" in American business culture?
Building relationships to find job opportunities and advance one's career
What are the two key words needed to understand the meaning of business in America?
Private and profit
What economic system is commonly used to describe the U.S. economy?
The U.S. economy is based on free enterprise (capitalism)
Which type of business creates most new jobs in the United States?
Small businesses create most new jobs
How does competition benefit consumers in the American economic system?
It encourages businesses to improve products and services to attract customers
Why did many American companies move their factories overseas?
Because they wanted to reduce costs and remain competitive in the global market
