Which of the following statements best describes risk transfer?
A) It shifts a portion of the risk responsibility or liability to other organizations.
B) It shifts the entire risk responsibility to other organizations.
C) It takes steps to eliminate or modify the risk.
D) None of the above

Question

Quizplus · Accepted Answer

Risk transfer involves shifting a portion of the risk responsibility or liability to other organizations, typically through contracts, insurance, or other means, rather than eliminating or fully transferring the risk.

Which of the Following Statements Best Describes Risk Transfer