The three major components responsible for variation in a company's income stream are business risk,operating risk,and financial risk.

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Business risk refers to the risk of not being able to generate enough revenue to cover expenses, while operating risk refers to the risk of not being able to efficiently manage and produce goods or services. Financial risk refers to the risk of not being able to meet financial obligations such as debt payments. Together, these three components contribute to the overall variability of a company's income stream.

The Three Major Components Responsible for Variation in a Company's