Prior to completing the financing arrangements needed to fund the purchase of an IT consulting firm,Albert Brinkman met several times with his bank and his accountant to review the terms of the bank's financing offer against the business's financial statements.What activity and corresponding step in the legal risk management process is this?

Question

Quizplus · Accepted Answer

This activity is part of identifying risk in business decisions, which is typically the first step in the legal risk management process. By reviewing the financing terms against the business's financial statements, Albert Brinkman is identifying potential financial risks associated with the purchase.

Prior to Completing the Financing Arrangements Needed to Fund the Purchase