Law > TEST BANKS > Test Bank for Managing the Law The Legal Aspects of Doing Business, 6e (Canadian Edition) Mitchell M (All)

Test Bank for Managing the Law The Legal Aspects of Doing Business, 6e (Canadian Edition) Mitchell McInnes, Ian Kerr, Anthony VanDuzer, Malcolm Lavoie (All Chapters) - Copy

Document Content and Description Below

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 otherwise would be possible. How... ever, 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 [Show More]

Last updated: 7 months ago

Preview 5 out of 902 pages

Buy Now

Instant download

We Accept: