Which One of These Is a Specific Risk

question 109

Multiple Choice

Which one of these is a specific risk?

• A) Revision to the corporate tax laws
• B) Inflation increase of 2.3%
• C) Reduction in the overall economic output
• D)Retirement of a company executive

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Definitions:

Interpretive Rules

Administrative rules, issued by governmental agencies, that clarify or explain existing laws and regulations without creating new obligations.

Statutes

Written laws enacted by a legislative body at the federal, state, or local level.

Executive; Independent

An independent executive refers to a high-level manager or officer in an organization who does not have direct ties or conflicts of interest with the company, ensuring unbiased decision-making.

Classifications of Agencies

Classifications of agencies refer to the categorization of different types of agency relationships based on authority, nature of work, and the legal implications involved.