1. According to Elliot’s Value Chain of Information, the “$1,000 an hour” stage is: a. Recording business events b. Making decisions c. Converting business information to specific ratios d. Using technology to convert data to financial models e. None of the above 2. Financial analysis is: a. Used only for calculating financial ratios b. The process of evaluating financial information & other information for decisionmaking c. Used in finance but not in accounting d. An informal process used only by undergraduate business students e. None of the above 3. The six-step process for systematic financial analysis includes: a. Detailed accounting analysis b. Corporate overview c. Financial analysis techniques d. Comprehensive analysis e. All of the above 4. Using the six-step process, the corporate overview step includes: a. Industry analysis and business strategy b. Model building and financial ratios c. Earnings forecasting and footnote review d. Calculating all financial ratios e. All of the above 5. Using the six-step process, red flags are associated with: a. Above average performance b. Analysis made only on the 4th of July c. Areas of particular concern, especially poor performance