Which of the following describes the “transfer” risk response method?

Question

Answer

The organization accepts the risk in its current form. A “risk owner” makes this decision.

Answer

The organization decides a risk is too large to accept and tries to have it reduced, either by reducing the likelihood or consequence.

Answer

The organization has a third party accept the risk, or part of it, instead of accepting it themselves. This can be done via insurance.

Answer

The organization decides a risk is too high and withdraws from being affected by it.

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