Question: Greater diversification allows top - level executives to hedge against specific business risks and provides a level of protection against industry - specific challenges. It

Greater diversification allows top-level executives to hedge against specific business risks and provides a level of protection against industry-specific challenges. It enables executives to manage and balance risk across different businesses, enhancing the overall stability and resilience of the organization. What type of risk does greater diversification reduce for top-level executives?
Financial risk
Market risk
Employment risk
Competitive risk
 Greater diversification allows top-level executives to hedge against specific business risks

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