The project team is not comfortable moving an expensive material. A third party is hired to move the material. This is an example of risk:

Risk transference involves shifting the negative impact of a risk to a third party, such as a contractor, vendor, or insurer. In this scenario, the project team is uncomfortable with the risk, so they hire a third party to bear the responsibility and consequences of moving the material. The risk is not eliminated - it is transferred along with ownership of the activity.

Sharing applies to positive risks (opportunities) where ownership is allocated to a third party best positioned to exploit the benefit, not to offload an uncomfortable or dangerous task.

Avoidance means changing the project plan to eliminate the risk entirely, such as canceling the activity or choosing a different approach, rather than delegating it to someone else.

Acceptance means the team acknowledges the risk and chooses to proceed without taking proactive action, either actively (with a contingency plan) or passively - the opposite of hiring a third party.