Which of the following is not one of the four states included in a typical business cycle?

Which of the following is not one of the four states included in a typical business cycle?
 A) Repression
  B) Peak
  C) Recession
  D) Trough
  E) Recovery

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Question 2 - Chris and Kimberly White decided to buy new furniture for their bedroom. They spent considerable time shopping around, comparing prices and styles. Bedroom furniture is best classified as a ____ product.
 A) convenience
  B) business
  C) shopping
  D) specialty
  E) major equipment

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Question 3 - Financial managers create and manage the systems that convert resources into goods and services.
 
 Indicate whether the statement is true or false