IIA
IIA-CFSA · Question #53
An organization might decide that the risk of fire is high so it will pay a high premium on its fire insurance policy to transfer the risk as much as possible. However, the organization will still…
The correct answer is C. Accept the risk. See the full explanation below for the reasoning.
Question
An organization might decide that the risk of fire is high so it will pay a high premium on its fire insurance policy to transfer the risk as much as possible. However, the organization will still have to
Options
- AAssessment of the likelihood that a given risk will occur
- BControl the risk
- CAccept the risk
- DTransfer the risk
How the community answered
(45 responses)- A11% (5)
- B2% (1)
- C82% (37)
- D4% (2)
Community Discussion
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