Satya Nadella is the Chief Executive Officer of Microsoft as well as a member of Microsoft's board of directors. Nadella is therefore classified as an
A) outside director. B) inside director.
C) independent director. D) unbiased director.
Question 2
In general, a big ticket item such as a house or new car will
A) tend to have a more inelastic demand the more time that passes.
B) tend to have an inelastic demand because spending on the item takes up a large share of the average consumer's budget.
C) tend to have an inelastic demand because it has many substitutes.
D) tend to have a more elastic demand than a lower-priced good.
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