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Unit 8 Vocabulary
- Compliance (noun) – The action or fact of complying with a wish, command, law, or rule.
- Liability (noun) – The state of being responsible for something, especially by law; a financial debt.
- Audit (noun/verb) – An official inspection of an organization’s accounts or operational processes.
- Governance (noun) – The system by which entities are directed and controlled.
- Mitigation (noun) – The action of reducing the severity, seriousness, or painfulness of something.
- Exposure (noun) – The state of being subject to a risk, financial loss, or external influence.
- Protocol (noun) – The official procedure or system of rules governing affairs or technical data transmission.
- Non-disclosure (noun) – A legal agreement to keep specific information confidential.
- Vulnerability (noun) – Susceptibility to physical, financial, or cybersecurity damage/attack.
- Provision (noun) – A clause in a legal document or contract; or setting aside resources for future needs.
Speaking Prompts
- How does your organization ensure total compliance with evolving data privacy regulations?
- What measures can a company take to minimize legal liability when releasing new software?
- How do you and your team prepare for an upcoming internal or external financial audit?
- Why is good corporate governance vital for maintaining investor trust and confidence?
- What risk mitigation steps do you take when launching a product in an unfamiliar foreign market?
- How can businesses reduce their financial exposure to foreign exchange currency fluctuations?
- What is the standard security protocol in your company when a corporate laptop is lost or stolen?
- Why is signing a non-disclosure agreement (NDA) a standard first step in strategic partnerships?
- What is the biggest cybersecurity vulnerability faced by companies with hybrid workforces?
- What specific provision in a commercial contract protects a vendor against unexpected inflation?
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