A Risk Management System Should Mean That a Company Will

question 53

Multiple Choice

A risk management system should mean that a company will

• A)avoid all risks.
• B)reject any attempt to categorise risk.
• C)considered the likelihood of risks materializing.
• D)establish risk-avoiding controls irrespective of their costs.

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Stare Decisis

Stare decisis is the legal principle of determining points in litigation according to precedent, where courts follow the rulings of previous cases with similar circumstances.

School of Jurisprudence

A particular philosophy or approach to understanding and interpreting the law and legal systems.