17. When a business hires another company to

perform a risky activity that it does not want to

undertake itself, it is practicing which type of

risk management strategy?

a. avoiding risk

c. insuring risk

b. transferring risk d. assuming risk

Question

Business

Brent Walls

6 June, 05:05

17. When a business hires another company to

perform a risky activity that it does not want to

undertake itself, it is practicing which type of

risk management strategy?

a. avoiding risk

c. insuring risk

b. transferring risk d. assuming risk

+1

Answers (1)

Know the Answer?

Tristan Norman · Answer 1

Transferring risk

Explanation:

To transfer risk is in a way to test grounds of a volatile business by using a smaller company as bait and seeing how the market reacts to it before committing completely for the catch once the company decides what to do there.

Transference of risk is possible for big firms and allows them to get a real view of the scenarios they can expect to see when they set up operations in a place.

17. When a business hires another company toperform a risky activity that it does not want toundertake itself, it is practicing which type ofrisk management strategy?a. avoiding riskc. insuring riskb. transferring risk d. assuming risk

17. When a business hires another company to

perform a risky activity that it does not want to

undertake itself, it is practicing which type of

risk management strategy?

a. avoiding risk

c. insuring risk

b. transferring risk d. assuming risk