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A Risk ____ Plan Is a Proactive Effort to Anticipate

question 83

Multiple Choice

A risk ____ plan is a proactive effort to anticipate a risk and describe an action plan to deal with it.


Definitions:

Dissolution

The process of legally dissolving a corporation or partnership, ending its existence.

Partnership

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Wrongful Dissolution

A partnership dissolution that violates the partnership agreement.

Partnership Agreement

A contract between partners in a business that outlines the business structure, distribution of profits and losses, and the terms for changes and dissolution.

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