1. The framework for the model of business reporting includes all of the following except:

a. financial and nonfinancial data

b. independent analysis of the financial data

c. forward-looking information

d. information about management and shareholders

2. Critical thinking is most important in which of the following problem-solving steps?

a. recognizing a problem

b. identifying alternative solutions

c. evaluating the alternatives

d. selecting a solution from among the alternatives

3. Exchanges of capital stock and bonds that occur between investors take place in:

a. primary markets

b. open markets

c. secondary markets

d. private markets