ENTERPRISE RISK MANAGEMENT BUSI 2601 - EXAM
REVIEW WITH VERIFIED SOLUTIONS [GRADED A+] 2025-
2026
RSK2601
BIGGYPERFECTSTUVIA
SMART STUDY
,ENTERPRISE RISK MANAGEMENT BUSI 2601 -
EXAM REVIEW WITH VERIFIED SOLUTIONS
[GRADED A+] 2025-2026
,Laws promote certainty and predictability because they never change (T/F) ANSWER >>
False
One of the purposes of the criminal justice system is to ensure that the victim of the crime will
be compensated for the harm done by the offender (T/F) ANSWER >> False
A purpose of a legal risk management plan is to reduce the risk of being sued and to reduce the
amount of liability in the event of a lawsuit (T/F) ANSWER >> True
The Canadian Charter of Rights and Freedoms replaced human rights legislation in 1982,when
Canada's Constitution was brought home from England (T/F) ANSWER >> False
The courts are empowered to strike down any law that violates the Charter (T/F) ANSWER >>
True
The Charter does not prohibit businesses from discriminating against racial minorities if they so
choose (T/F) ANSWER >> True
Administrative tribunals have less expertise than courts (T/F) ANSWER >> False
Public laws govern actions of individuals and businesses when those actions occur in public
places such as parks, roads, waterways, and the air (T/F) ANSWER >> False
Canada and all its provinces and territories operate under a common law legal system (T/F)
ANSWER >> False
Judicial review is a process whereby a court reviews a tribunal's decision for errors of law,
errors involving fairness, or errors involving the tribunal's exercise of power (T/F) ANSWER >>
True
Which definition or definitions best describe "the rule of law"?
a. Everyone has equal rights before the law, and nobody is above the law, including
government.
, b. The wealthy and educated are more likely to benefit from the law than are the poor and
uneducated, and all societies are ruled by law.
c. Punishment for breaking the law is imposed according to rules of conduct.
d. All of the above ANSWER >> a. Everyone has equal rights before the law, and nobody is
above the law, including government
Which of the following best describes the protections afforded by the Canadian Charter of
Rights and Freedoms?
a. Freedom from discrimination and harassment in the work place.
b. Freedom from unreasonable government interference with respect to rights and freedoms
such as equality, religion, and expression.
c. The legal right to sue a person or company for discrimination.
d. The legal rights and freedoms of Canadians are guaranteed and cannot be limited by
legislation in any way ANSWER >> b. Freedom from unreasonable government interference
with respect to rights and freedoms such as equality, religion, and expression.
Which of the following best describes substantive law?
a. It defines international legal status.
b. It defines relationships between governments.
c. It defines the process by which to enforce legal protections set out in the Charter.
d. It defines rights and sets limits on conduct ANSWER >> d. It defines rights and sets limits
on conduct
REVIEW WITH VERIFIED SOLUTIONS [GRADED A+] 2025-
2026
RSK2601
BIGGYPERFECTSTUVIA
SMART STUDY
,ENTERPRISE RISK MANAGEMENT BUSI 2601 -
EXAM REVIEW WITH VERIFIED SOLUTIONS
[GRADED A+] 2025-2026
,Laws promote certainty and predictability because they never change (T/F) ANSWER >>
False
One of the purposes of the criminal justice system is to ensure that the victim of the crime will
be compensated for the harm done by the offender (T/F) ANSWER >> False
A purpose of a legal risk management plan is to reduce the risk of being sued and to reduce the
amount of liability in the event of a lawsuit (T/F) ANSWER >> True
The Canadian Charter of Rights and Freedoms replaced human rights legislation in 1982,when
Canada's Constitution was brought home from England (T/F) ANSWER >> False
The courts are empowered to strike down any law that violates the Charter (T/F) ANSWER >>
True
The Charter does not prohibit businesses from discriminating against racial minorities if they so
choose (T/F) ANSWER >> True
Administrative tribunals have less expertise than courts (T/F) ANSWER >> False
Public laws govern actions of individuals and businesses when those actions occur in public
places such as parks, roads, waterways, and the air (T/F) ANSWER >> False
Canada and all its provinces and territories operate under a common law legal system (T/F)
ANSWER >> False
Judicial review is a process whereby a court reviews a tribunal's decision for errors of law,
errors involving fairness, or errors involving the tribunal's exercise of power (T/F) ANSWER >>
True
Which definition or definitions best describe "the rule of law"?
a. Everyone has equal rights before the law, and nobody is above the law, including
government.
, b. The wealthy and educated are more likely to benefit from the law than are the poor and
uneducated, and all societies are ruled by law.
c. Punishment for breaking the law is imposed according to rules of conduct.
d. All of the above ANSWER >> a. Everyone has equal rights before the law, and nobody is
above the law, including government
Which of the following best describes the protections afforded by the Canadian Charter of
Rights and Freedoms?
a. Freedom from discrimination and harassment in the work place.
b. Freedom from unreasonable government interference with respect to rights and freedoms
such as equality, religion, and expression.
c. The legal right to sue a person or company for discrimination.
d. The legal rights and freedoms of Canadians are guaranteed and cannot be limited by
legislation in any way ANSWER >> b. Freedom from unreasonable government interference
with respect to rights and freedoms such as equality, religion, and expression.
Which of the following best describes substantive law?
a. It defines international legal status.
b. It defines relationships between governments.
c. It defines the process by which to enforce legal protections set out in the Charter.
d. It defines rights and sets limits on conduct ANSWER >> d. It defines rights and sets limits
on conduct
