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Which of the selections describes this act?

Once you have established the risk and the cost of an organizational loss, you purchase insurance to reduce the risk. Which of the selections describes this act?

PrepAway - Latest Free Exam Questions & Answers

A.
Risk assessment

B.
Risk transfer

C.
Risk rejecting

D.
The game of risk

Explanation:
Purchasing insurance to help mitigate the risk of a threat is a means
of transferring the risk to a third party, making the risk that is left acceptable.


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