_________Is a Risk Response Strategy Designed to Transfer Risk to Another

question 91

Multiple Choice

_________is a risk response strategy designed to transfer risk to another party, often through the use of contracts.

• A)Risk mitigation
• B)Risk transference
• C)Risk removal
• D)Risk related contractual agreements

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Definitions:

Individualized Contracts

Contracts that are specifically tailored to the unique needs and circumstances of the parties involved, often requiring extensive negotiation.

Severance Pay

Compensation paid to an employee upon termination of employment, often based on length of service.

Reasonable Notice

The adequate period of time that must be given prior to taking certain legal actions, such as terminating employment or altering contractual terms.

Profit Sharing

A compensation structure where employees receive a share of the company's profits, often as a form of incentive or reward.