Final answer:
The answer is 'False' because a lower sales-growth rate in 2007 compared to 2006 does not mean that Saints Corp.'s sales decreased; it means that the sales continued to grow but at a slower rate.
Step-by-step explanation:
The statement that Saints Corp.’s sales decreased from 2006 to 2007 because the growth rate was lower in 2007 is incorrect. A sales-growth rate of 3.8% in 2006 and 1.2% in 2007 simply means that while the company's sales were still growing in 2007, the rate at which sales increased was slower compared to 2006. Even with a lower growth rate, the company experienced an increase in sales. Therefore, the correct statement would be that Saints Corp.’s sales continued to grow, albeit at a slower pace during 2007. It is important to differentiate between sales-growth rate and actual sales figures. A declining growth rate does not necessarily indicate a decline in actual sales.