A Business Person Has a High Standard of Care to Ensure

question 26

True/False

A business person has a high standard of care to ensure their premises are safe for invitees.

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Definitions:

Risks

The potential for losses or negative outcomes resulting from internal or external vulnerabilities or threats.

CEO

Chief Executive Officer; the highest-ranking person in a company or organization, responsible for making overarching decisions.

Naming a Successor

The process of identifying and appointing an individual to take over a role or position after the current holder leaves or retires.

Key Executive

A high-ranking individual in a company who has significant responsibility for managing an essential part of the business.