51.______The great irony of the efficient market thesis is that

a. its only true to the extent that everyone believes in it.

b. its only true to the extent that no one believes in it.

c. it can only be true if not everyone believes it.

d. efficiency results in losses of jobs.

e. efficiency does not always result in profitability.

52._____Key economic factors to consider when analyzing an individual stock include

a. sales growth.

b. inflation.

c. economic growth.

d. consumer spending.

e. all of the above.

f. more than one, but not all, of the above.

53.______According to your instructor, the major financial statements used in financial analysis are the

a. cash flow statement.

b. income statement.

c. balance sheet.

d. all of the above.

e. more than one, but not all, of the above.

54.______Ratio analysis

a. is the be-all and end-all, the sine qua non, of financial analysis.

b. provides instant answers.

c. provides clear guidance in making buy or sell decisions.

d. guides the analyst to fruitful areas of further inquiry.

e. is completely useless.