The correct response is:
"The number of relative extrema of a polynomial is, at most, one less than the degree."
This relationship arises from the fact that the relative extrema occur at the critical points, where the derivative is equal to zero. A polynomial of degree \( n \) will have a derivative of degree \( n-1 \), which can have at most \( n-1 \) real roots. Therefore, the number of relative extrema (which corresponds to the number of critical points) can be at most \( n-1 \).