Describe the transference approach to risk control and give three specific examples of risk transfer.

What will be an ideal response?


The risk transference approach attempts to shift the risk to other assets, other processes, or other organizations. This may be accomplished through rethinking how services are offered, revising deployment models, outsourcing to other organizations, purchasing insurance, or implementing service contracts with providers.

Trades & Technology

You might also like to view...

The conditions of a gas change in a steady-flow process from 20°C and 1000 kPa to 60°C and 100 kPa. Devise a reversible nonflow process (any number of steps) for accomplishing this change of state, and calculate ?U and ?H for the process on the basis of 1 mol of gas. Assume for the gas that PV/T is constant, and

What will be an ideal response?

Trades & Technology

In developed countries, beef is a primary product whereas in developing countries, beef is secondary to draft animal power and milk

Indicate whether this statement is true or false.

Trades & Technology

The throttle body may be cleaned (if recommended by the vehicle manufacturer) if what conditions are occurring?

A) Lower-than-normal idle speed B) Coast-down stall C) Rough idle D) Any of the above

Trades & Technology

The major concern with ammonia refrigerant is:

A) It is much more expensive than halogenated refrigerants. B) Its normal operating pressures are extremely high. C) It is poisonous and flammable. D) It can only be used with copper, brass, and aluminum.

Trades & Technology