Examlex
In an organizational setting when we make purchases, it is helpful to have some expert opinion on what might be the best product.
Unique Risk
Risk that is specific to an individual asset or company, which can be mitigated through diversification.
Firm-Specific
Refers to risk or information that is unique to a particular company and not related to the market or industry.
Covariance
A measure used to determine how two variables change together, indicating the direction of the relationship.
Variance
A statistical measurement of the dispersion of data points in a data set around the mean, indicating the extent to which the numbers differ from each other.
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