Which one of the following is NOT an example of the transference risk response?

The risk transference is referred to the transfer of risks to a third party, usually for a fee, it creates a contractual-relationship for the third party to manage the risk on behalf of the performing organization. Which one of the following is NOT an example of the transference risk response?

Question:

Which one of the following is NOT an example of the transference risk response?

Options:

Use of insurance

Warranties

Life cycle costing

Performance bonds

Correct Answer

The Correct Answer for this Question is

Life cycle costing

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