A promise is something of legal value given in exchange of a consideration

Indicate whether the statement is true or false

FALSE

Business

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The limitations of the profit maximization goal include which of the following?

a. it lacks a time dimension (i.e., it is static) b. it fails to consider risk with alternative decisions c. the definition of profit is ambiguous d. all the above are limitations

Business

The risk management function should be performed in isolation. There is no need for interaction between the risk management department and other departments.

a. true b. false

Business