Thompson's experience with the board game leading to steady stock performance is labeled as what type of risk?

The correct answer is business risk. This type of risk refers to the potential for a company to perform poorly due to factors that directly affect its operations and profitability. In the context of Thompson's experience with the board game leading to steady stock performance, it indicates that the performance of the stock is closely tied to the company's business decisions, operations, or market position concerning the board game industry. Business risk encompasses operational challenges, changes in market demand, competitive pressure, and company-specific factors that can impact financial results.

Regulatory risk relates to changes in laws and regulations that can affect a company’s operations and profitability. Social risk involves the impact of social trends or public sentiment on a company’s performance. Timing risk is associated with the potential for losses due to the timing of investments or market movements. None of these risks directly describes the situation of a company’s stock performance being influenced by its core business activities, hence business risk is the most appropriate classification in this scenario.