The transfer/retention risk management decision is unimportant and therefore risk managers should not waste their time on the decision.

Question

Quizplus · Accepted Answer

The transfer/retention risk management decision is crucial as it determines how an organization will handle potential losses and impacts their financial stability. It is essential for risk managers to evaluate and decide whether to transfer or retain risks for effective risk management.

The Transfer/retention Risk Management Decision Is Unimportant and Therefore Risk