38. Statement 1: The advent of the Internet has brought "perfect knowledge" closer to reality. Statement 2: The cost of businesses buying their supplies online is convenient, but they generally pay more than they would if they used customary channels. (LO3) a Statement 1 is true, and statement 2 is false. b) Statement 2 is true, and statement 1 is false. c) Both statements are true. d) Both statements are false. 39. Statement 1: No firm will stay in business more than one year if it is losing large sums of money. Statement 2: Many dot-coms have lost money in the short run. (LO3) a) Statement 1 is true, and statement 2 is false. Statement 2 is true, and statement 1 is false. c) Both statements are true. d) Both statements are false