In _____, the organization purchases insurance as a means to compensate for any loss.
A) risk management
B) risk analysis
C) risk mitigation
D) risk acceptance
E) risk transference

Question

Quizplus · Accepted Answer

Risk transference involves transferring the risk to another party, usually through insurance. By purchasing insurance, the organization transfers the financial risk of a potential loss to the insurance company.

In _____, the Organization Purchases Insurance as a Means to Compensate