1 contract law
2 Something of value must be exchanged between the parties.
3 civil law
Why is the law important?
Laws are created for protect our general safety, and ensure our rights as citizens against abuses by other people, by organization's, and by the government itself. We have laws for help provide to our general safety.
How many kinds of Laws?
Natural or Moral Laws: Natural laws are the belief that certain laws of morality are inherent by human nature, reason, or religious belief.
- Scientific Laws
- Imperative Laws
- Common Laws
- Criminal Laws
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Answer:
<em>D. Programmed</em>
Explanation:
A programmed decision <em>is a repeated or recurring decision which can be made in accordance with established rules or procedures. </em>
Such types of assessments are often requested in a regular process at certain stages and are taken on the basis of criteria known and easy to identify.
The most common designation in Accounting which is the backbone of the accounting field is Chartered./ Certified Accountant.
<h3>Who is a Chartered/ Certified Accountant?</h3>
A Chartered Accountant is one who has passed the rigorous tests required to become fully certified in the accounting profession.
Due to their immense knowledge and training, they are the backbone of the accounting profession and are the most common type of accountants you will find.
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Answer with Explanation:
<u>Risk which can’t be mitigated</u>: The risks that the share price would fall due to sudden political environment instability or events that effects the economy will definitely affect the business operations as well. Thus are the risks that can not be mitigated at all. Another example would be Corona virus implications on the operation of the company which is again a risk that can't be mitigated.
<u>Risks, that aren’t worth the effort to reduce the exposure any further: </u>
The part of the sentence talks about the risk exposure which says that if the company doesn't resides in an area which is not prone to seismic activity and the chances of earthquake in a country is below 0.000001% which is almost negligible but still it is worthless to purchase the earthquake insurance. As this risk is almost negligible hence it is not worth the effort to reduce the exposure any further.
<u>Risks that wouldn't be addressed in short term due to other priorities: </u>
The risks that will not occur in the next 12 month, can be addressed after 6 months and thus allowing the company to prioritize the risks that must be resolved first. This means that if their is a risk that one of our several products that would be launched after 12 months from now will not be winning customer market can be addressed after 6 months because it is dependent on our future action. If we don't launch our product, our product is not rejected by the customer. Hence situations like this allows us to prioritize our risks.
