Final answer:
Unsystematic risk is the risk that can be diversified away.
Step-by-step explanation:
The risk that can be diversified away is unsystematic risk. Unsystematic risk, also known as specific risk or diversifiable risk, refers to the risk that is specific to an individual company or industry and can be reduced or eliminated through diversification. By diversifying their investments across different companies or industries, investors can reduce the impact of any negative events that may affect a particular company or industry.