The Source of Risk Related to Management Competence,strategic Direction and Lawsuits

question 78

Short Answer

The source of risk related to management competence,strategic direction and lawsuits is _________________________.

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Definitions:

Agent

An Agent is an individual or entity authorized to act on behalf of another, known as the principal, in dealings with third parties.

Void

Legal term indicating that an agreement or contract has no legal force and is unenforceable as if it were never made.

Identity

The condition or character as to who a person or what a thing is; the qualities, beliefs, etc., that distinguish or identify a person or thing.

Ratification

The act of formally confirming or approving an agreement, treaty, or contract, making it officially valid.