In Order to Have Confirmation of a Major Market Trend

question 30

Multiple Choice

In order to have confirmation of a major market trend under the Dow Theory, the:

• A) industrial and utility averages must confirm each other.
• B) transportation and utility averages must confirm each other.
• C) utility average must lead the transportation average.
• D) transportation and industrial average must confirm each other.

---

Definitions:

Sole Proprietorship

A type of business structure owned and run by one individual where there is no legal distinction between the owner and the business.

Multiple Owners

A business structure where two or more individuals share ownership and responsibilities of managing the business.

Limited Liability Company

A business structure in the United States whereby the owners are not personally liable for the company's debts or liabilities.

Tax Treatment

The manner in which an item or transaction is taxed by authorities, affecting how it is reported and what deductions or credits may apply.