When we talk about a product with "low income elasticity" what are we saying? Select one: a. Its sales volumes are not as affected by changes in disposable income as other products. b. When people have to make budget cuts, they would switch to buying this product instead. 0 C. It is targeted at lower-income customers. d. It has a reduced effect on how far people can stretch their budgets. Which of the following statements is the most correct? Select one: O a. The value of assets in liquidation is generally higher than when running as a going concern. b. The value of assets in liquidation is generally lower than when running as a going concern. c. The value of assets will be the same, whether in liquidation or running as a going concern Which of the following statements are correct? Select more than one: a. Equity has no specific date at which it becomes due to be repaid. b. Equity and debt must always be held in equal amounts. c. When owners invest in a firm, their initial investment is guaranteed to be returned. d. A company's cost of capital will change over time, and is not fixed. Owners being restricted from making withdrawals from the business, to protect the interest of creditors, would be related to the the claim on income or assets. Select one: O a. Maturity O b. Certainty O c. Priority Od. Amount Shareholders in a company are guaranteed to receive fixed dividends for the duration of the company's existence. Select one: True False