Risk Management for Business Is Critical Due in Part to

question 92

Multiple Choice

Risk management for business is critical due in part to

• A) natural disasters.
• B) profitability.
• C) legal requirements.
• D) international requirements.

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Definitions:

Fraudulent Representations

False statements knowingly made to deceive others, often to induce them to part with money or property.

Negotiable Note

A written promise to pay a specified sum of money, which can be transferred to others.

Holder in Due Course

A legal term indicating a person who has acquired a negotiable instrument in good faith for value and without notice of any defects.

Negotiation

The process of discussing an issue between two or more parties with competing interests to reach an agreement or compromise.