Which of the Following Statements About Speculative Presentations Is True

Which of the following statements about speculative presentations is true?

A) Speculative presentations require little time and effort on the part of agencies.
B) Many agencies do not like to participate in speculative presentations because there is no guarantee they will win the account,and they require time and money.
C) Speculative presentations are rarely used in the advertising industry.
D) Most agencies do not participate in speculative presentations to acquire new business.
E) None of the above statements about speculative presentations is correct.