Question: Your project has a potential for a future risk event. The sponsor has told you that the organization cannot sustain the consequences of this risk.

Your project has a potential for a future risk event. The sponsor has told you that the organization cannot sustain the consequences of this risk. You recommend purchasing insurance so that if the risk event occurs, the organization can recoup their expenditures for the impacts of the risk. What risk strategy is this known as?

A. Avoid B. Mitigate C. Accept D. Transfer

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