Ortega has prepared the following list of statements about decision-making and incremental analysis.1. the first step in management's decision-making process is, "determine and evaluate possible courses of action."2. the final step in management's decision-making process is to actually make the decision.3. accounting's contribution to management's decision-making process occurs primarily in evaluating possible courses of action in reviewing the results.4. in making business decisions, management ordinarily considers only financial information because it is objectively determined.

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.