REC 440 Lecture Notes - Lecture 15: Debt Management Plan, Risk Management
Document Summary
Standard of care is applied in negligence lawsuits to measure the competence of a. October 27, 2016 professional: this care is determined by the one way-standard of practice. Standards of practice are developed and published by professional organizations to give managers practices to help them from being sued. Standards of practice also known as: guidelines, recommendations, position statements. Courts will look at did you follow the standards in your field : follow standards and guidelines = legal protection, standards can increase liability if the managers/organization does not adhere to it. Difference between standards and guidelines: standards = requirements. Are must statements: guidelines = recommendations. Some organizations will use them interchangeably but should make it standard because it could protect you better in court. To minimize liability that is associated with published standards of practice, managers should implement all of them. Examples of standards published by professional organizations: exercise/fitness. American college of sports medicine follows health/fitness.
