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CAPM Certification Practice Test 4
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Question : 18
Total: 50
After reviewing the detailed analysis of a risk associated with a particular project activity, your Project Manager along with the team decides to respond to the risk by purchasing insurance. This could be an example of?
Active acceptance
Passive acceptance
Mitigation
Transference
Validate
Solution:
Correct Answer is 'D'. Transference is a risk response strategy where the risk is transferred to a third party.
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