3. Businesses in the late life cycle stages tend to spend more on capital expenditures than businesses in the early life cycle stages. True or False

4. Businesses in the late life cycle stages tend to pay out a greater percentage of earnings in dividends. True or False

5. Firms in Stage 4, Decline, probably failed to adapt to changing markets. True or False

7. Growth in line with the overall economy means revenue growth of around 8 to 10% per year. True or False

8. Startups are typically very profitable. True or False

9. Economic cycles have 4 main components. True or False