Examlex
Standards for ethical conduct include which of the following?
Fair Market Value
Fair market value is the price at which a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts, would engage in a transaction.
Moral Hazard
The possibility that individuals who are insulated from risk sometimes behave differently than they would if not insulated.
Risk Insulation
Strategies or practices employed to protect an entity from potential financial losses or liabilities.
Risk Management
The transfer and distribution of risk.
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