The ratio of the actual and perfectly guided values of the whirl components at the exit is known as the slip factor. In turbomachinery, the slip factor is a crucial parameter used to determine the deviation of flow due to imperfections in blade geometry or friction effects. It quantifies the reduction in tangential component of velocity as the fluid exits the impeller or rotor due to these real-world factors. Therefore, among the options provided, the correct answer is slip factor.