1
Q
A business risk with legal implications
A
Legal Risk
2
Q
The process of identifying and managing all business risks.
A
Enterprise risk management.
3
Q
What are the 4 steps of the Legal Risk Management Plan
A
- Identify the legal risks
- Evaluate the risks
- Devise a plan
- Implement the plan
4
Q
WHich step of the Legal Risk Management Plan is most important.
A
Step 1. Identify the risks
5
Q
Can a lawyer assist in identifying and assesing legal risks?
A
Yes
6
Q
What can be a consequence of consulting lawyers too soon in identofying legal risks?
A
Expensive and time consuming
7
Q
A
Business Law
flashcards
Decks in class (12)
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