Jorge would like to purchase a life insurance policy that offers level premiums from the time the policy is issued until his death. He also wants a policy that combines death protection with a savings element that can eventually be used for retirement purposes. Jorge should consider purchasing which of the following plans?

___________ are understood to be the actual processes employed, which, when combined with the utilization of the organization's capital assets, enable strategic outcomes to be actualized.

A. Systems B. Tactics C. Processes D. Operations E. Controls

Which of the following is true of price elasticity of demand?

A. The price elasticity of demand is only defined by the competitive conditions in a country. B. Demand is said to be inelastic when a large change in price produces a large change in demand. C. Demand is said to be elastic when a large change in price produces a small change in demand. D. Price elasticity tends to be greater in countries with low income levels. E. The elasticity of demand is inversely proportional to the number of competitors offering a particular product.