3. Which of the following statements is correct? A) One of the benefits to a firm of being at or near its target capital structure is that this eliminates any risk of bankruptcy. C) A firm's business risk is determined solely by the financial characteristics of its industry. D) B) A firm's financial risk can be minimized by diversification. Many of the factors that affect a firm's business risk are affected by industry characteristics and economic conditions. Bell Canada is co-listed on the TSX and on the NYSE. Which of the following should Bell Canada not be concerned with? Basel II accord Dey Report. COSO framework. Sarbanes-Oxley Act