A Company Using a Risk Transfer Strategy Would Do Which

question 21

Multiple Choice

A company using a risk transfer strategy would do which of the following?

• A)Buy an insurance policy to cover the risk.
• B)Cease the process or function that constituted the risk.
• C)Educate employees as to the risks and dangers of the problem process.
• D)Set resources aside to deal with the problem when it arose.

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Definitions:

Highest Bidder

The person or entity willing to pay the most in a bidding process, typically in auctions.

Losing Bidders

Participants in an auction who submit bids but do not win the item or contract being auctioned.

Winning Bids

The highest offers made in an auction or tender process that secure the right to purchase goods or services.

High-value

Attributes or items considered to have a significant worth or importance, either in monetary terms or in qualitative aspects such as quality or utility.