A Risk Management Plan

question 7

Multiple Choice

A risk management plan

• A)does not require regular revision.
• B)does nothing to promote the better conduct of a business.
• C)is only necessary in sophisticated businesses.
• D)does not necessarily involve a lawyer in every part of the overall plan.
• E)helps a business to identify and anticipate potential legal liability.

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Definitions:

Legal Insanity

A legal defense theory suggesting that a person cannot be held responsible for their actions if they are deemed unable to understand the difference between right and wrong due to a mental disorder.

Free Will

The capacity of individuals to act independently, making free choices that are unconstrained by external circumstances or by an agency such as fate or divine will.

Dangerous Criminals

Individuals who have committed serious crimes and are considered a significant threat to public safety and security.

American Law Institute Test

A standard used to determine criminal liability in insanity defense cases, assessing if the defendant lacked the ability to understand the wrongfulness of their actions due to mental illness.