The cross-price elasticity of demand between good X and good Y is 0.5. Given this information, which of the following statements is true?

A) The demand for goods X and Y is inelastic.
B) Goods X and Y are substitutes.
C) Goods X and Y are complements.
D) The demand for goods X and Y is income inelastic.

Engaging in community relations may include meeting with public officials,religious leaders,special interest groups,educators and more,primarily to ______.

A) placate decision makers
B) generate sales
C) exchange bribes
D) earn their trust

The ability to rely on others can serve as a buffer against stress.This illustrates the role of ________ in coping with stress.

Direct materials variances are called price and quantity variances.However,when referring to direct labor,these variances are usually called ________ and ________ variances.

A group of pirates from Sukleis, a country in Southern Europe, seized an oil tanker for ransom, off the Mediterranean Sea. The oil tanker belonged to Kidero, another country in Southern Europe. The pirates were captured by the navy of Kidero. In the context of international law, it can be said that:

A) the nationality of the victims is an invalid basis for assigning jurisdiction.
B) the costs of prosecuting the captured pirates are less.
C) the captured pirates can be prosecuted under the law of the sea.
D) the captured pirates cannot claim asylum under any circumstances.

There are three major types of business activities.________ activities involve using resources to research,develop,purchase,produce,distribute,and market products and services and receiving amounts from selling products and services.

Which statement is true of marketing?

A) Marketing affects various stakeholders.
B) Marketing plays no role in creating value.
C) Marketing is about satisfying the company's needs and wants.
D) Marketing requires place, product, promotion, and perception decisions.
E) Marketing is performed by organizations, not individuals.