Which of the following statements best describes risk transfer?
A. It shifts a portion of the risk responsibility to another organization.
B. It shifts a portion of the risk liability to another organization.
C. It takes steps to eliminate or modify the risk.
D. It shifts the entire risk responsibility to another organization.
Answer: D
Explanation: Risk transfer shifts the entire risk to another organization, whereas risk sharing shifts only a portion of the risk. The goal of risk avoidance is to eliminate or modify the risk.
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