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What is meant by the term liability quizlet?

liability. means responsibility for damages caused.

What is a trust quizlet history unit test?

Define trust. joining competing companies into a trust under one huge corporation. Define monopoly. a single company or group owns all or nearly all of the market for a given type of product or service.

What is a process of identifying evaluating and preventing source of liability?

Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These risks stem from a variety of sources including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters.

Which of the following defines ethics?

First, ethics refers to well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues.