If you shift your risk by using other means to compensate for the loss like purchasing insurance, you have implemented a risk _________ strategy.
A) acceptance
B) avoidance
C) limitation
D) transference

Question

Quizplus · Accepted Answer

Shifting risk by using other means to compensate for the loss, such as purchasing insurance, is known as a risk transference strategy. This involves transferring the risk to another party.

If You Shift Your Risk by Using Other Means to Compensate