Financial records should always be backed up regularly, mainly for accuracy and so you don't lose anything.
Answer: b. The diversifiable risk of your portfolio will likely decline, but the expected market risk should not change.
Explanation:
Diversifiable risk is a risk that a particular security has or which can be seen in a certain sector. Market risk occurs when there's possibility that a particular investor will make loss due to certain factors which affects the entire market.
In the above scenario, the most likely to occur will be that the diversifiable risk of the portfolio will likely decline, but the expected market risk should not change.
It should be noted that diversification won't eliminate market risk. When more stocks are added, this brings about decline in diversification risk but market risk won't change.
529 plan would be the answer
Business impact analysis (BIA)
The first phase in the continuity planning process. It
extends the activities of the risk assessment process to determine the priority
for controlling risks in the area of information security or for establishing
relative priority of various systems for the resumption of business activities.