For Identified Risks, Management

question 104

Multiple Choice

For identified risks, management

• A) assesses the likelihood of their occurrence.
• B) decides upon actions to manage them.
• C) estimates their significance.
• D) all of the above

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Definitions:

Restatement of Law

A publication that seeks to inform judges and lawyers about general principles of common law in the United States.

Common Law

A body of unwritten laws based on legal precedents established by the courts.

Federal Judiciary

The branch of the United States government responsible for interpreting the law, consisting of the Supreme Court and lower federal courts.

Executive Branch

The branch of government responsible for implementing, supporting, and enforcing the laws made by the legislative branch and interpreted by the judiciary.