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CNX-001 · Question #65

A company is expanding operations and opening a new facility. The executive leadership team decides to purchase an insurance policy that will cover the cost of rebuilding the facility in case of a nat

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Question

A company is expanding operations and opening a new facility. The executive leadership team decides to purchase an insurance policy that will cover the cost of rebuilding the facility in case of a natural disaster. Which of the following describes the team's decision?

Options

  • ABusiness continuity
  • BDisaster recovery
  • CRisk transference
  • DMemorandum of understanding

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Topics

#Risk Management#Risk Transference#Insurance#Disaster Preparedness
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