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As a Practical Matter,it Is Much Easier to Use Market

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As a practical matter,it is much easier to use market risk analysis at the project level than at the divisional level because it is easier to estimate the beta of a single project such as a machine tool die maker than the beta of an entire division (or subsidiary)such as Phillip Morris' Kraft foods unit.


Definitions:

Highly Dependent

Describes a state or condition where there is a strong reliance or need for something or someone for support or survival.

National Labor Relations Act

A foundational statute in United States labor law which protects the rights of employees and employers, encourages collective bargaining, and curtails certain private sector labor and management practices, which can harm the general welfare of workers, businesses, and the U.S. economy.

Agricultural Laborers

Workers involved in the cultivation, harvesting, and processing of crops and livestock, often facing unique labor and employment conditions.

Domestic Service

Employment within a household, typically performing tasks related to cleaning, cooking, and home maintenance.

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