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The selection of stock should follow a systematic examination process and includes all the following steps except: 1.An analysis of the economic environment 2.Disregard of

The selection of stock should follow a systematic examination process and includes all the following steps except:

1.An analysis of the economic environment

2.Disregard of the regulatory environment of an industry

3.An examination of the impact upon specific firms

4. An analysis of the macroeconomic impact upon an industry

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