Which of the Following Risk Management Objectives Would Be Strongly

question 47

Multiple Choice

Which of the following risk management objectives would be strongly supported by the use of a limitation of liability clause in a contract?

• A) It reduces the liability for the risk and is legally enforceable.
• B) It transfers the risk,is legally enforceable,and is acceptable to the other party.
• C) It eliminates the risk,limits the liability,and is acceptable the other party.
• D) It retains a standard form of contractual of limited liability.

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Definitions:

Sociological Perspectives

Different theoretical approaches within the field of sociology that offer insights into social behavior, structures, and institutions.

Latent Function

Unintended or unrecognized beneficial effects of social structures or institutions, contrasting with explicit intended functions.

Opioid Abuse

The misuse of opioid medication or drugs, leading to addiction, health issues, or overdose.

Social Factors

Aspects of society that influence individuals' lives, including culture, ethnicity, education, and economic conditions.