Dave and Darla Are Worried About Their Home's Security as There

question 127

Multiple Choice

Dave and Darla are worried about their home's security as there have been a lot of robberies in the neighborhood lately. To ease their concern, they purchase insurance for their home and possessions. This is an example of __________.

• A) risk analysis
• B) risk acceptance
• C) risk transference
• D) controls

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Definitions:

Digitize Data

The process of converting information into a digital format that can be processed, stored, and transmitted electronically.

Data Expansion

The process of increasing the amount or granularity of data, often through adding detail, breaking down categories, or incorporating additional sources.

Synchronous

Refers to events or processes that occur at the same time or at the same rate.

Exchange

The act of giving one thing and receiving another in return, especially in a trade or economic context.