Choose the Word or Phrase in [ ] Which Will

question 171

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-By holding stock in 5 companies,you are reducing [market | business] risk.

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Definitions:

Probability Distribution

Represents a statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.

Foreclosed

A legal process where a lender takes control of a property after the borrower fails to make mortgage payments.

Vickrey Auction

A type of sealed-bid auction where the highest bidder wins but pays the price offered by the second-highest bidder.

Willingness To Pay

The maximum amount an individual is ready to spend to acquire a good or service, reflecting the value they assign to it.