honeycfa

The top-down, three-step process for analyzing the value of stock is comprised of:

A) industry, company, and competitive analysis.

B) macro-economic, industry, and company analysis.

C) economic, fundamental ratio, and technical analysis.

---

The top-down decision process is characterized by first examining the macro-economic environment, industry environment, and then individual companies.

honeycfa

The top-down approach of security analysis includes:

A) Both of these choices are correct.

B) economic analysis.

C) industry analysis.

---

Economic, industrial, and company analysis, in that order, must all be accomplished in the top-down approach.