Question: What risk mitigation strategy involves transferring the financial impact of a risk to a third party?
Answer:
Risk transfer involves transferring the financial impact of a risk to a third party, such as through insurance.
MCQ: What risk mitigation strategy involves transferring the financial impact of a risk to a third party?
Explanation:
Risk transfer involves transferring the financial impact of a risk to a third party, such as through insurance.
Discuss a Question
Related Questions
- 1. In the context of risk mitigation, what does the term "risk avoidance" refer to?
- 2. What is the purpose of a backup and recovery plan in the context of risk mitigation?
- 3. What risk mitigation strategy involves reducing the impact of a risk by preparing for and responding to incidents?
- 4. Which risk mitigation strategy involves acknowledging and tolerating specific risks without taking further action?
- 5. What is the purpose of implementing access controls as part of risk mitigation?
- 6. In the context of risk mitigation, what does the term "security awareness training" involve?
- 7. What risk mitigation strategy involves implementing measures to detect and respond to security incidents in real-time?
- 8. What is the purpose of penetration testing in the context of risk mitigation?
- 9. Which risk mitigation strategy involves regularly updating and patching software to address known vulnerabilities?
- 10. What risk mitigation strategy involves implementing measures to reduce the impact of a risk in case it occurs?
You may be interested in:
Cyber Security Multiple Choice Questions And Answers (MCQs)Recently Added Articles
Top 5 Kahoot Winner Strategies Students Are Using Right Now
Last updated on: May 14, 2025Posted by: ExamRadar
Daily Routine to Cover the RBI Grade B Syllabus Fast
Last updated on: May 14, 2025Posted by: ExamRadar
How Can AI Simplify the Academic Life of Students?
Last updated on: April 16, 2025Posted by: ExamRadar
Want to Clear IBPS RRB PO? Master These Mock Test Hacks!
Last updated on: March 10, 2025Posted by: ExamRadar
Top AI Tools for Instantly Detecting Plagiarized Writing
Last updated on: December 5, 2024Posted by: ExamRadar
Applying Algorithmic Trading Techniques to Forex: Insights for Programmers and Data Scientists
Last updated on: November 22, 2024Posted by: ExamRadar
Image to Text Conversion Made Easy: Online Tool Insights
Last updated on: April 12, 2024Posted by: ExamRadar