_____ Involves Shifting the Consequence of a Risk and Responsibility

question 3

Multiple Choice

_____ involves shifting the consequence of a risk and responsibility for its management to a third party.

• A)Risk avoidance
• B)Risk acceptance  
• C)Risk transference
• D)Risk mitigation

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Definitions:

Public Corporations

Entities that are owned by the government to serve the public interest, often operating in sectors like transportation, utilities, or healthcare.

Provincial Personal Property

Belongings owned by an individual or entity within a specific province that are not fixed to land.

Security Interest

A legal right or hold on assets that have been pledged as security, typically to ensure the loan is repaid.

Security Registration Legislation

Laws and regulations governing the registration and oversight of securities (stocks, bonds, etc.) to ensure transparency and protect investors.