The correct statement regarding horizontal asymptotes is:
Two of these are correct.
Here's the reasoning:
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The graph will trend toward the horizontal asymptote but never touch it. - This statement is generally true for many functions that have horizontal asymptotes, particularly rational functions.
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Exponential functions have an asymptote represented by the line y=0. - This is also true for certain exponential functions, particularly those that approach zero (e.g., \(y = e^{-x}\) as \(x \to \infty\)).
Given that both of the first two options are correct, the statement "Two of these are correct" is the most accurate choice.