Which of the Following Is NOT Involved in Risk Control

question 81

Multiple Choice

Which of the following is NOT involved in risk control?

• A)Executing the risk response strategy
• B)Initiating contingency plans
• C)Establishing a change control system
• D)Establishing contingency funds
• E)Watching for new risks

---

Definitions:

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in unintentional harm to another party.

Breach of Contract

occurs when one party fails to fulfill its contractual obligations, allowing the other party to seek legal remedies.

CPAs

Certified Public Accountants; professionals qualified to perform accounting services, including auditing financial statements and filing tax returns.

Nonclient Action

Litigation or legal action initiated by a person or entity who is not a client of the attorney or law firm involved.