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What is one audit procedure that may be used to test for proper handling of terminated employees?
Systematic Risk
A hazard inherent to the entire market or a market segment, which diversification cannot diminish.
Unsystematic Risk
Refers to the risk that is specific to a company or industry, and can be mitigated through diversification.
Portfolio Beta
A measure of the sensitivity of a portfolio's returns to the returns of the overall market, indicating the level of market risk associated with the portfolio.
Portfolio Standard Deviation
A measure of the dispersion of returns from a portfolio, indicating the risk involved in holding the portfolio.
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