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Deflection or transfer of a risk to another party is part of which of the following risk response categories?

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Question added by MUHAMMED HARIS MI , Senior Audit Staff , Saud Bahwan Group LLC.
Date Posted: 2015/03/31
Anas  Dawah
by Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

C.....................................................................Avoidance

MUHAMMED HARIS MI
by MUHAMMED HARIS MI , Senior Audit Staff , Saud Bahwan Group LLC.

The correct answer is Option A- Mitigation

Almutaz Bakry Sidahmed
by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

The answer is (a), transfer the risk resides with the risk response (share). The most suitable answer here is mitigation as if we transfer the the risk we will not avoid the risk entirely e.g on the insursnce maybe the claim is forfieted due to some noncompliance.

Nancy Refai
by Nancy Refai , Health, safety and environmental management Trainer and consultant , Freelancer

mitigation of impact. as transfer options aims at reducing the level of impact by transferring it to a third party

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

Mitigation

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Khurram Shaukat Memon
by Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

Avoidance is a strategy that includes transfer of risk.

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