In vertical analysis, what is the base amount for depreciation expense?

A company that seeks to increase its sales and profits through backward, forward, or horizontal integration within the industry is said to be employing a(n) ________ growth strategy

A) diversification B) intensive C) target D) integrative E) conglomerate

Which one of the following conditions can be effectively eliminated through portfolio diversification?

A) a general price increase nationwide B) an interest rate reduction by the Federal Reserve C) increased government regulation of auto emissions D) change in the political party that controls Congress