When Considering Risk Response Development, Passing Risk to Another Party

question 62

Multiple Choice

When considering risk response development, passing risk to another party instead of changing it is known as ____________ the risk.

• A) transferring
• B) escalating
• C) avoiding
• D) retaining
• E) diminishing

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Definitions:

Personal Financial Data

Information related to an individual's financial status, including income, debts, investments, and spending habits.

Legal Orders

Official directives issued by a court or a regulatory body that must be followed by the individuals or entities to whom they are directed.

Work-Site

Refers to the physical location where employees perform their job duties.

Flexible Policies

Guidelines or procedures designed to adapt to changing circumstances or to accommodate various needs.