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PK0-004 · Question #196

Which of the following risk strategies is represented by the purchase of insurance?

The correct answer is C. Transfer. Transfer: Moving the liability for the risk to a third party by purchasing insurance, performance bonds, and so on.

Project management concepts

Question

Which of the following risk strategies is represented by the purchase of insurance?

Options

  • AMitigate
  • BAccept
  • CTransfer
  • DAvoid

How the community answered

(36 responses)
  • B
    3% (1)
  • C
    92% (33)
  • D
    6% (2)

Explanation

Transfer: Moving the liability for the risk to a third party by purchasing insurance, performance bonds, and so on.

Topics

#risk transfer#insurance#risk strategies#risk management

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