Which of the following statements is CORRECT?

	a.	The factors that affect a firm's business risk are affected by industry characteristics and economic conditions. Unfortunately, these factors are generally beyond the control of the firm's management.
	b.	A firm's business risk is determined solely by the financial characteristics of its industry.
	c.	A firm's financial risk can be minimized by diversification.
	d.	One of the benefits to a firm of being at or near its target capital structure is that this eliminates any risk of bankruptcy.