Which of the following types of risk is most likely avoided by forming a diversified portfolio? A Total risk B Systematic risk C Idiosyncratic (non-systematic) risk Which of the following events is most likely an example of non-systematic risk? A A decline in interest rates B The resignation of chef executive officer C An increase in the value of the U.S. dollar Portfolio managers, who are trying to maximize risk-adjusted returns, will seek to invest less in securities with A Lower values for non-systematic variance B Values of non-systematic variance equal to0 C Higher values for non-systematic variance