The project team is not comfortable moving an expensive material. A third party is hired to move the material. This is an example of risk:
A) Transference
B) Sharing
C) Avoidance
D) Acceptance

Question

Quizplus · Accepted Answer

Risk transference is the process of transferring the risk of loss or damage to a third party, such as an insurance company or a contractor. In this case, the project team is transferring the risk of moving the expensive material to a third party.

The Project Team Is Not Comfortable Moving an Expensive Material