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CGRC · Question #418

CGRC Question #418: Real Exam Question with Answer & Explanation

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Security and Privacy Governance, Risk Management, and Compliance Program

Question

The risk transference is referred to the transfer of risks to a third party, usually for a fee, it creates a contractual-relationship for the third party to manage the risk on behalf of the performing organization. Which one of the following is NOT an example of the transference risk response? Response:

Options

  • AUse of insurance
  • BLife cycle costing
  • CWarranties
  • DPerformance bonds

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Topics

#Risk Management#Risk Response Strategies#Risk Transference
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