Management and Organizational Studies 2275A/B Study Guide - Midterm Guide: Sudden Unintended Acceleration, Political Risk Insurance, Standard Form Contract

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Desmond Mc Keon

Document Summary

Chapter 3: which two approaches are recommended for businesses to effectively manage their interaction with the law and legal issues, precautionary and reactionary b, preventive and reactive, managerial and risk detention risk aversive and risk detractive. Ref: 50: a private investment firm that deals exclusively in derivative investment products is concerned its market activities may become regulated. Dif: challenging ref: 51: a senior manager conducts five seminars to review the company"s legal risk management policy revisions with employees. Concerns raised during this process are sent in a memorandum to the department head. What activity and corresponding step in the legal risk management process is this: evaluating potential risk; third step b. c, carrying out the plan; third step reducing risk; second step implementing, monitoring and revising; final step. Chapter 3: a business finds that employees are involved in many road accidents that result in damages to its fleet of motor vehicles, despite having driving training and instruction.