A company determines that it is prohibitively expensive to become compliant with new credit card regulations. Instead, the company decides to purchase insurance to cover the cost of any potential loss. Which of the following is the company doing?
A. Transferring the risk
B. Accepting the risk
C. Avoiding the risk
D. Migrating the risk
Answer:A
A company determines that it is prohibitively expensive to become compliant with new credit card regulations. Instead, the company decides to purchase insurance to cover the cost of any potential loss. Which of the following is the company doing?
A. Transferring the risk B. Accepting the risk C. Avoiding the risk D. Migrating the risk