Why Are Some Risks Diversifiable and Others Nondiversifiable

question 90

Essay

Why are some risks diversifiable and others nondiversifiable?
Give an example of each.

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Definitions:

Victim

An individual who suffers harm or loss as a result of a crime, accident, or other event or action.

Dire Need

A situation expressing extreme urgency or pressing necessity, often relating to basic survival requirements.

First Aid

Immediate and temporary care given to an individual who is injured or suddenly becomes ill, before professional medical help is available.

Helping Others

Engaging in actions or behaviors that provide support, assistance, or benefit to someone other than oneself.