单选题 With respect to sensitivity to the business cycle, an industry largely independent of the business cycle is least likely classified as:
A. defensive.
B. non-cyclical.
C. counter-cyclical.

【正确答案】 C
【答案解析】[解析] 在防御性(defensive)行业和非周期性(non-cyclical)行业中，企业生产的商品或提供的服务的市场需求在整个经济周期中保持相对稳定，企业收入和盈利也都比较稳定。在反周期性(counter-cyclical)行业中，企业的收入和盈利与经济周期相反。