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What Three Questions Should Be Answered by Effective Risk Management

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What three questions should be answered by effective risk management?


Definitions:

Inadequate Research

A situation where the level of investigation or study into a subject is insufficient to meet the required standards or objectives.

Duty of Competence

The obligation for professionals, especially in legal and medical fields, to maintain a reasonable level of skill and knowledge while serving their clients or patients.

Nonlawyer Employees

Staff members working within a law firm or legal environment who do not possess a law degree or legal license but support legal services.

Ethical Conduct

The adherence to accepted standards of behavior, informed by moral principles, often governing the professional conduct of individuals.

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