1. Normally, cash flows from operations will peak during which phase of the product life cycle?

Maturity

2. ?Under the ____________________ basis of accounting, a firm recognizes revenue when
   it performs all or a substantial portion of the services it expects to perform and receives
   either cash or a receivable.

Accrual

3. ?The amount initially paid to acquire an asset is called

Acquisition cost

4. ?The amount that a company would have to pay today to acquire an asset it now
   ?holds is called _______________________________.

Current replacement cost

5. List the Six Interrelated Sequential Steps in Financial Statement Analysis

1. Identify the industry's economic characteristics
2. Identify the firm's strategies
3. Obtain information from financial statements and asses the quality
4. Analyze current profitability, Growth, and risk of a firm
5. Prepare forecasted financial statements
6. Value the firm

6. ?List the five forces in Porter's Five Forces Framework

1. Competitive rivalry
2. Supplier power
3. Buyer Power
4. Threat of substitution
5. Threat of new entrants

7. ?List the five attributes in the Economic Attributes Framework

1. Nature of product or service
2. Degree of integration in Value Chain
3. Degree of Geographical diversification
4. Degree of industry diversification