3. (TCO 2) In which stage of the industry life cycle are companies likely to be privately owned? (Points : 3)

Development Maturity Decline Expansion

4. (TCO 2) The crossover point on the life cycle curve is the point where _____. (Points : 3)

the company issues stock in an initial public offering (IPO) the company gets listed on an organized exchange the company's industry moves from the growth stage to the expansion stage the industry's products begin to be accepted by the marketplace

5. (TCO 2) Short-term speculators would probably NOT use _____ to develop a stock value. (Points : 3)

dividend growth rates discount rates a stream of earnings or dividends Any of the above