SELF TEST #1: Defining the Business

Test #1:

Use the descriptions under the "What" section of the Basic Strategy Guide Step 1 to determine whether the following are different businesses: cell phone service, internet telephone service, local telephone connections and long distance phone service.

Test #2:

Use the descriptions under the "What" section of the Basic Strategy Guide Step 1 to determine whether the following are different businesses: Online brokerage, regular broker-assisted stock purchases and sales, money managers managing a stock portfolio and mutual funds.

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