CPAs are often viewed by their clients as buisiness advisors. The client is concerned about all the risks associated with the economy. He has requested that you prepare a brief memo describing the difference between the terms Risk and Return. He wants you to describe how they are related when making business decisions,
He also has requested that you explain what is meant by the following risks:
1. Diversifable Risk
2. Interest Rate Risk
3. Market Risk 4. Credit Risk.