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Test Bank for Managing the Law: The Legal Aspects of Doing Business 6th Edition by McInnes CA$42.57   Add to cart
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Test Bank for Managing the Law: The Legal Aspects of Doing Business 6th Edition by McInnes
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Test Bank for Managing the Law: The Legal Aspects of Doing Business, Canadian Edition, 6th edition 6e by Mitchell McInnes, Ian R. Kerr, VanDuzer. ISBN-13: 4126 Full Chapters test bank included 1 Risk Management and Sources of Law 2 Litigation and Alternative Dispute Resolution 3 Introducti...

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  • October 3, 2022
  • 900
  • 2022/2023
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Test Bank Managing the Law, 6e (McInnes)
Chapter 01: Risk Management and Sources of Law

True/False Questions

1. The law can affect a business both positively and negatively. It often prohibits actions that otherwise
would be possible. However, it sometimes permits parties to do something that they could not otherwise
do.
a True
b False

Difficulty: 2
QuestionID: 01-1-01
Topic: Why Study Law?
Skill: Recall

Answer: a. True

2. Beta Inc has recently discovered that a defect in one of its products poses a risk of injury to consumers.
Its only option, from a legal risk management perspective, is to eliminate the risk of liability by removing
the product from the market.
a True
b False

Difficulty: 2
QuestionID: 01-1-02
Topic: Risk Management
Skill: Applied

Answer: b. False

3. As described in the text, the four forms of risk management are risk avoidance, risk elimination, risk
transfer, and risk acceptance.
a True
b False

Difficulty: 1
QuestionID: 01-1-03
Topic: Risk Management
Skill: Recall

Answer: b. False

4. Sabeka Inc has discovered that one of its products may cause consumers to suffer a certain form of
property damage. In response to that risk, the company has written an exclusion clause into its sales
contracts. In doing so, it has adopted a form of risk management known as risk shifting.


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