Final answer:
Beta measures a stock's volatility relative to the market. Kaskin's beta of 1.2 indicates it's more volatile, while Quinn's beta of 0.6 signifies it is less volatile; thus, Quinn stock is less volatile.
Step-by-step explanation:
The question is related to the concept of beta, which is a measure of the volatility—or systematic risk—of a security or a portfolio in comparison to the market as a whole. The beta of a stock is an indication of how much the stock's price movement is expected to respond to swings in the overall market. A beta value above 1 signifies that the stock is more volatile than the overall market, while a beta value below 1 indicates that the stock is less volatile.
Considering that Kaskin, Incorporated, has a beta of 1.2, it implies that it is expected to be 20% more volatile than the market. On the other hand, Quinn, Incorporated, has a beta of 0.6, which implies it is expected to be 40% less volatile than the market. Therefore, the most accurate statement is C) Quinn stock is less volatile.