The following might be legitimate ways to transfer a risk are:
A. "Recognize that government agencies have the responsibility to contain, control, or prevent this risk, which your taxes pay them to do."
B. "Pay insurance premiums for a policy that provides for payment of claims and liabilities in the event the risk does occur."
C. Shift the affected business processes to a service provider, along with contractually making sure they are responsible for controlling that risk or have countermeasures in place to address it.
Risk management can be defined as a strategic process which involves the identification, evaluation, analysis and control of potential threats (risks) that are present in a business as an obstacle to its capital, revenues and profits.
In this context, we can infer and logically deduce that options A, B, and C are legitimate ways to transfer a risk because they all mitigate and remediate the risk.
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Complete Question:
Which of the following might be legitimate ways to transfer a risk? (Choose all that apply.)
A. Recognize that government agencies have the responsibility to contain, control, or prevent this risk, which your taxes pay them to do.
B. Pay insurance premiums for a policy that provides for payment of claims and liabilities in the event the risk does occur.
C. Shift the affected business processes to a service provider, along with contractually making sure they are responsible for controlling that risk or have countermeasures in place to address it.
D. Change the underlying business process to use more secure software and hardware systems.
