Question: 4. Transference is the control approach that attempts to shift risk to other assets, other processes, or other organizations and one way to achieve is

4. Transference is the control approach that

4. Transference is the control approach that attempts to shift risk to other assets, other processes, or other organizations and one way to achieve is by outsourcing. a) How can outsourcing be used for risk transference? (2 Marks) b) Explain any TWO (2) benefits of outsourcing to an organization. (4 Marks)

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