Upon Learning That a Problem with a Faulty Computer System

question 61

True/False

Upon learning that a problem with a faulty computer system design caused a customer's business to be disrupted, the risk manager should check the applicable supply contract to determine the extent of its liability.

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Definitions:

True Locality Rule

A means to judge a health care provider’s actions on the basis of the standard of care used in the exact same locality or community.

Socioeconomic Character

Refers to the social and economic attributes that define the status or characteristics of individuals or groups within a society.

Duty of Loyalty

A legal obligation of fiduciaries, such as company directors and trustees, to act in the best interest of the entity or person they represent.

Actual Financial Loss

A monetary loss that can be quantified or accurately measured, resulting from specific events like theft or litigation.