In your business you realize that there is a risk of being sued for a default in your product. You have conducted a risk assessment and have decided to ignore the default and just deal with any claims if they arise. What is this an example of? Risk avoidance Risk transfer Risk retention Risk reduction Question 3 (1 point) To win his action in negligence against a professional person, the plaintiff must prove, among other things, that the defendant's conduct was below an acceptable standard of care. Which of the following is the legal standard of care demanded of a professional person? That she act to the very best of her ability That she act sincerely and with goodwill That she act as may reasonably be expected of the normally skilled professional of that type That she act sincerely and as may reasonably be expected of a skilled professional That she act as a reasonably prudent person