Which of the Following Civil Contexts Might Require a Risk

question 37

Multiple Choice

Which of the following civil contexts might require a risk assessment?

• A)A teenager emails her teacher about bringing a gun to school.
• B)A father claims his ex-wife is an abusive mother and he should have sole custody of their children.
• C)A depressed patient tells his therapist he wants to hurt his ex-girlfriend.
• D)A person with a history of terrorist activities applies to immigrate to Canada.
• E)all of the above

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Definitions:

Capital Lease

A lease agreement that has the characteristics of a purchase agreement, where the lessee assumes most of the risks and rewards of ownership.

Executory Costs

Refers to the expenses incurred in executing a contract, often related to leasing agreements, such as insurance, maintenance, and property taxes.

Operating Expenses

Costs associated with the day-to-day functions of a business, not including the cost of goods sold but typically covering administrative, sales, and general expenses.

GAAP

Generally Accepted Accounting Principles; a framework of accounting standards, rules, and procedures defined by the professional accounting industry in a specific country.