Which of the Following Law Types Is Not a Primary

question 16

Multiple Choice

Which of the following law types is not a primary authority source?

• A)Legislative
• B)Administrative
• C)Judicial
• D)Treatises

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Definitions:

Classical decision theory

A framework that assumes decision-makers are fully rational and seek to maximize utility or profit when making choices.

Enterprise risk management

A comprehensive framework for identifying, assessing, managing, and monitoring the risks that an organization faces to maximize value.

Operational risk

The risk of loss resulting from inadequate or failed internal processes, people, systems, or external events affecting an organization's operations.

Reputation risk management

The process of identifying, assessing, and mitigating threats that could adversely affect an organization's reputation.