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Test Bank & Solution Manual for Managing the Law The Legal Aspects of Doing Business, Canadian Edition, 6th edition By Mitchell McInne-stamped

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Managing the Law, 6e (McInnes) Chapter 01: Risk Management and Sources of Law True/False Questions 1. The law can affect a business both positively and negatively. It often prohibits actions that o... therwise would be possible. However, it sometimes permits parties to do something that they could not otherwise do. a True b False Difficulty: 2 QuestionID: 01-1-01 Topic: Why Study Law? Skill: Recall Answer: a. True 2. Beta Inc has recently discovered that a defect in one of its products poses a risk of injury to consumers. Its only option, from a legal risk management perspective, is to eliminate the risk of liability by removing the product from the market. a True b False Difficulty: 2 QuestionID: 01-1-02 Topic: Risk Management Skill: Applied Answer: b. False 3. As described in the text, the four forms of risk management are risk avoidance, risk elimination, risk transfer, and risk acceptance. a True b False Difficulty: 1 QuestionID: 01-1-03 Topic: Risk Managem [Show More]

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