Business analysis encompasses several interrelated processes namely; Business Environment and Strategy Analysis, Accounting Analysis, Financial Analysis and Prospective Analysis. For each of the questions below, select the most appropriate process to use.

Company D is suspected of manipulating its financial statements and compromised on the fundamental principles. Which component of business analysis is the most appropriate to use to evaluate the company?

Answer $1$

Company A operates in the highly competitive tech industry and has decided to enter the wearable technology market. Which component of business analysis is the most appropriate to use to aid in making the decision?Choose from below.$($A$)$Prospective analysis$(,$B$)$ Financial analysis, $($C$)$Accounting analysis,$($D$)$ Business Environment and Strategy Analysis.

Answer $2$

Company E$\text{'}$s debt levels have increased significantly over the past year. Which component of business analysis is the most appropriate to use to evaluate the company's debt?Choose from below.$($A$)$Prospective analysis$(,$B$)$ Financial analysis, $($C$)$Accounting analysis,$($D$)$ Business Environment and Strategy Analysis.

Answer $3$

YZA Inc. has a significant amount of goodwill on its balance sheet despite significant economic downturn. As an auditor you are interested to know the appropriateness of the valuation methods used to determine the goodwill. Which component of business analysis is the most appropriate to use?Choose from below.$($A$)$Prospective analysis$(,$B$)$ Financial analysis, $($C$)$Accounting analysis,$($D$)$ Business Environment and Strategy Analysis.

Answer $4$

SolarSolutions Inc. anticipates a significant increase in raw material costs due to market conditions. Which component of business analysis would best help SolarSolutions Inc. prepare for this potential impact?Choose from below.$($A$)$Prospective analysis$(,$B$)$ Financial analysis, $($C$)$Accounting analysis,$($D$)$ Business Environment and Strategy Analysis.