1. Which of the following is least likely to in volve industry analysis? A. Sector rotation strategy. B. Top-down fundamental investing. C. Tactical asset allocation strategy 2. A sector rotation strategy involves investing in a sector by: A. Making regular investments in it. B. Investing in a pre-selected group of sectors on a rotating basis. C. Timing investment to take advantage of business-cycle conditions 3. Which of the following information about a company would most likely depend on an industry analysise The company's A. Dividend policy. B. Competitive environment. C. Trends in corporate expenses