Monday 10 March 2014

Recognizing and Minimizing Tort and Regulatory Risk


 Conduct the ?Business Regulation? simulation found on your resource page. Identify legal issues that are present in the simulation and note the legal principles that apply to each of the issues you identified. Some issues may be more obvious than others. Repeat the simulation as much as needed to be sure you have identified all the legal issues and their corresponding legal principles.·
 In your learning team:·
o Collaborate to identify the legal issues and principles that are present in the simulation. Share your findings with your teammates, and discuss any issues you identified that they did not. Ask for clarification on issues your teammates identified that you did not find. At the end of the collaboration, each team member must produce a table that displays the issues and principles that are relevant to the ?Business Regulation? simulation.
 Individually:·
o Use the table you created from your learning team collaboration to write a plan for a company like Alumina explaining how regulatory risks such as tort liability can be identified and managed through preventive, detective, and corrective measures. The plan must clearly identify common torts and other regulatory risks as found in the simulation and the textbook. The plan must also describe specific measures to manage each individual risk.
 Write your plan in 1,400 words or fewer following APA format.·

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