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Identify and discuss the basic components of an attractive business climate. Comment on the extent to which a fast food restaurant franchise might make a different assessment of relevant factors than would a capital-intensive business such as an oil refinery and pipeline company.
Probability Distribution
A function in statistics that enumerates all conceivable values and their associated probabilities for a random variable within a predetermined range.
Variance
A measure of the dispersion or spread of a set of values, indicating how much the numbers in the set differ from the mean.
Diversifiable Risk
A risk that can be reduced or eliminated from a portfolio through diversification, not linked to the market's movements as a whole.
Company-Specific
Company-Specific refers to factors or risks that affect an individual company's performance, distinct from broader market or industry factors.
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