LAW 122 Chapter Notes - Chapter 1: Constitution Act, 1982, Precedent, Legal Education
7 Dec 2011
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Document Summary
The success or failure of a business generally depends on the ability to minimize. Legal education plays a critical role in risk management. Law reflects and shapes the ways in which we interact with each other including in. Law reflects and shapes the ways in which we interact with each other including in losses and maximize gains. losses and maximize gains. the business world. the business world. Many business decisions have legal consequences which may negatively. Many business decisions have legal consequences which may negatively but also but also. Risk management is the process of identifying, evaluating and responding to the is the process of identifying, evaluating and responding to the. Risk management positively affect business profitability. affect business profitability. positively possibility of harmful events. possibility of harmful events. Risk avoidance: e. g. withdraw dangerous product from market. Risk avoidance: e. g. withdraw dangerous product from market e. g. withdraw dangerous product from market. Risk reduction: e. g. modify product to reduce danger.
