Risk associated with specific industries or companies is referred to as business-specific risk. It is also known as unsystematic risk and cannot eliminated through diversification.

Name: Risk associated with specific industries or companies is referred to as business-specific risk. It is also known as unsystematic risk and cannot eliminated through diversification.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Unsystematic risk, also known as business-specific risk, can be reduced or eliminated through diversification.

Risk Associated with Specific Industries or Companies Is Referred to as Business-Specific