Risk evaluation involves the use of methods to transfer risks of financial loss to another party.

Question

Quizplus · Accepted Answer

Risk evaluation involves assessing and analyzing potential risks to determine the level of threat to the organization, and then developing strategies to avoid, mitigate, transfer or accept those risks. While transferring risks to another party can be one strategy, it is not the only method used in risk evaluation.

Risk Evaluation Involves the Use of Methods to Transfer Risks