Which of the Following Statements Is (Are)true with Regard to the Use

question 53

Multiple Choice

Which of the following statements is (are) true with regard to the use of technology in risk management programs?
I.Risk management Intranets are networks intended for an internal audience.
II.Risk management information systems can be used to store and track workers compensation claims data.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Mutual Mistake

A situation in contract law where all parties involved have a mistaken understanding of one or more material facts relevant to the contract.

Basic Assumption

Refers to a fundamental belief or principle that is accepted as true without proof, often serving as the foundation for further reasoning or behavior.

Material Effect

A significant impact or change to the financial or operational status of a company.

Fraudulent Misrepresentations

False statements made with the intent to deceive, which leads someone to enter into a contract to their detriment.