An Organization Might Decide That the Risk of Fire Is

question 254

Multiple Choice

An organization might decide that the risk of fire is high so it will pay a high premium on its fire insurance policy to transfer the risk as much as possible. However, the organization will still have to pay deductible amount on the policy if a fire occurs. This scenario depicts:

• A) Assessment of the likelihood that a given risk will occur
• B) Control the risk
• C) Accept the risk
• D) Transfer the risk

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