What statement concerning risk and the stage of the industry's life cycle is most accurate?

Mature and declining industries generally carry more risk, whereas growing and emerging industries tend to be less risky.

Emerging and declining industries generally carry more risk, whereas growing and mature industries tend to be less risky.

Growing and declining industries generally carry more risk, whereas emerging and mature industries tend to be less risky.

Emerging and growing industries generally carry more risk, whereas declining and mature industries tend to be less risky.