Inherent Risk Is Greatest For

question 18

Multiple Choice

Inherent risk is greatest for:

• A) accounts with large balances.
• B) accounts with large numbers of transactions.
• C) accounts whose balance requires estimation.
• D) All of the above.

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Definitions:

Intentional Tort

A civil wrong resulting from an intentional act committed on the person, property, or economic interest of another. Intentional torts include assault, battery, conversion, false imprisonment, intentional infliction of emotional distress, trespass to land, and trespass to chattels.

Negligence

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

Strict Liability

Legal responsibility for damages or harm caused by actions or products, regardless of fault or intention.

Self-Defense

The act of defending oneself, one's property, or another person from physical harm using reasonable force.