Choose the best answer. Enlisting a third party, such as an insurance company or contractor, to take ownership or responsibility for a risk is an example of:
A) avoiding a risk by removing its source.
B) accepting a risk.
C) rejecting an unacceptable risk.
D) transferring a risk.
E) reducing a risk to an acceptable level through controls or preventative measures.

Question

Quizplus · Accepted Answer

Transferring a risk involves enlisting a third party to take ownership or responsibility for the risk. This can include purchasing insurance or hiring a contractor to handle a particular task in order to shift the risk to them.

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