FIN 351 CHAPTER 6 QUIZ 1 TO 5
1. The first step in the top-down approach to stock valuation is analyzing the position of the industry in its life cycle.
2. The method of starting the stock valuation process with an analysis of the economy is referred to as the "bottom-up" approach.
3. The method that starts the stock valuation process with an economic analysis is called the "top-down" approach.
4. Investors who follow the bottom-up approach to stock valuation are referred to as "industry-analysts".
5. The last step to the top-down approach is to analyze the overall health of the economy
USA 
India