Which statement is true?

A) Over time demand tends to become less elastic.
B) The demand for cigarettes is very elastic.
C) Advertisers try to make the demand for their products less elastic.
D) None of these statements are true.

During the most recent recession, many people temporarily lost substantial value in their retirement investment portfolios because most of the assets (including stocks, bonds, and real estate) all declined in value at the same time. In hindsight, what was the problem with these portfolios?

A) The portfolios were not adequately diversified because the assets were negatively correlated, so all of the assets had negative returns at the same time.
B) The portfolios were not adequately diversified because the assets were more positively correlated than expected, so all of the assets had negative returns at the same time.
C) The portfolios were adequately diversified, but the assets should have been more positively correlated to protect against recession risk.
D) The investors should not have diversified their investments to protect against recession risk.

Research has found that the majority of face-to-face communication consists of ________ expressions.

A) explicit
B) verbal
C) vocal
D) nonverbal
E) persuasive

If accounts payable is $1,116 and cost of goods sold is $11,315,what is days' payable outstanding?

A) 30 days
B) 45 days
C) 36 days
D) 33 days
E) 40 days

Products for which customers are not sensitive to price changes are said to be ______.

A) price elastic
B) price inelastic
C) price volatile
D) price subjective

Informational reports include reports to document progress, demonstrate compliance, and ________ and ________ operations.