A well-diversified portfolio (collection of investments) is: 1 less risky than any single investment by itself 2 more risky than any single investment by itself 3 a misnomer, because there is no such thing as a well-diversified portfolio 4 carries the same level of risk as a single investment by itself A honey business could diversify by: 1 having bee hives in different locations 2 selling honey in stores and at farmers' markets 3 selling honey with and without the honeycomb A all of the above A toy importer could diversify by: 1 using suppliers from different locations offering toys for different age groups 3 importing for direct sales and sales through other merchants 4 all of the above