Final answer:
The management responsibility to take all possible reasonable precautions and care to avoid committing a violation is true in business.
Step-by-step explanation:
The statement is true. In business, there is a concept known as duty of care, which refers to the responsibility of management to take reasonable precautions to avoid committing a violation. This duty of care requires managers to act in accordance with relevant laws and regulations, as well as industry standards and best practices. By fulfilling their duty of care, managers can help prevent or mitigate risks, protect the interests of stakeholders, and maintain a positive reputation for the organization.
Management has a duty of care to take all reasonable precautions to avoid violations, which is a key component of corporate governance and risk management. The answer is A. True.
The statement refers to the concept of duty of care in the realm of business management and law. It's the responsibility of management to take all possible reasonable precautions and care to avoid committing any violations. This encompasses a wide range of actions, including adhering to laws and regulations, maintaining a safe work environment, and ensuring that company operations do not cause harm. This management principle is a foundational aspect of corporate governance and risk management. Therefore, the answer to the question is A. True.