Which of the Following Industries Is Most Sensitive to Changes

question 14

Multiple Choice

Which of the following industries is most sensitive to changes in the business cycle?

• A)The tobacco and alcohol industries
• B)The automobile and durable goods industries
• C)The food and pharmaceutical industries
• D)All of the above are equally sensitive to changes in the business cycle

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Definitions:

Discharge

The completion, termination, or annulment of a legal duty or obligation, such as the payment of a debt or the performance of a contract.

Discharged Debt

Debt that has been forgiven or deemed uncollectable, freeing the debtor from the obligation to pay.

Reorganization

The process of restructuring a company's legal, ownership, operational, or other structures, often while under financial distress.

Debts

money that is owed or due to individuals, organizations, or governments.