The Risk Cascade Is When

question 13

Multiple Choice

The risk cascade is when:

• A)a risk event causes flooding.
• B)a series of large risk events creates a small event.
• C)the outcome of one risk event overflows into another event.
• D)a series of small risk events creates a larger event.

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Definitions:

Corporation

A corporation is a legal entity that is separate and distinct from its owners, offering limited liability protection to its shareholders.

Actual Authority

Authority given to an agent expressly or by implication.

Estoppel

An equitable remedy that stops a party from trying to establish a position or deny something that, if allowed, would create an injustice.

Ratification

The action of officially approving or confirming an agreement or act, making it valid.