A Company Operating a Dating Website for Married Individuals Has

question 49

Multiple Choice

A company operating a dating website for married individuals has identified that technology-related risks,including the possibility of infiltration of its customer database by hackers,could pose a hazard to the company and its customers.What legal risk management step is the company engaged in?

• A) evaluating potential risk; first step
• B) reducing risk; second step
• C) implementing,monitoring and revising; final step
• D) devising a risk management plan; third step

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Definitions:

Share Earnings

Often referred to as earnings per share (EPS), it's the portion of a company's profit allocated to each outstanding share of common stock.

Retained Earnings

The portion of a company's profits that is kept or retained and not distributed to shareholders as dividends.

Accumulated Profit

The total amount of net income retained in a company over its entire history, not distributed as dividends.

Liquidation

The process of converting assets into cash or cash equivalents by selling them.