ADM 3360 Study Guide - Quiz Guide: Whho
17 Jul 2019
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Legal risk - a business risk with legal implication. Legal risk management plan - a comprehensive action plan for dealing with the legal risks. Legal risk management plan - a comprehensive action plan for dealing with the legal risks involved in operating a business involved in operating a business. Risk avoidance - the decision to cease a business activity because the legal risk is too great. Risk reduction - implementation of practices in a business to lower the probability of loss. Risk reduction - implementation of practices in a business to lower the probability of loss and its severity and its severity. Risk transference - the decision to shift the risk to someone else through a contract. Risk retention - the decision to absorb the loss if a legal risk materializes. Lawyer - a person who is legally quali ed to practice law. Key terms resolution to a dispute resolution to a dispute.
