19. The type of investment analysis that starts with company performance measures (like ratios), then moves to sector and industry analysis and finally macro trends is the _______________ approach.

Group of answer choices

a. top-down

b. bottom-up

c. technical

d. value

20. When comparing the value vs growth investing styles, which style tends to do better over the long term?

Group of answer choices

a. Value beats growth

b. Growth beats value

c. They both go in and out of favor but, over the long-term, they perform equally well