Which If the Following Is Not a Common Risk Mitigation

question 4

Multiple Choice

Which if the following is not a common risk mitigation strategy?

• A) Risk analysis.
• B) Risk limitation.
• C) Risk acceptance.
• D) Risk trasnference.

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Definitions:

Identified to the Contract

Identified to the Contract refers to goods that have been designated as the subject of a sales or service contract.

Revised UCC Article 1

refers to updates or changes made to the first article of the Uniform Commercial Code, which governs sales and commercial transactions in the United States.

Good Faith

A concept implying honesty in intent and fairness in practice, without any intention to deceive or defraud in a transaction or contractual agreement.

Fair Dealing

A legal doctrine used in various jurisdictions that allows for limited use of copyrighted works without permission for purposes like research, criticism, or news reporting, akin to the fair use doctrine in the US.