Which risk mitigation strategies include outsourcing services and purchasing insurance?Question 18Select one:transferacceptancereductionavoidance

In addressing a risk that has low potential impact and relatively high cost of mitigation or reduction, which strategy will accept the risk and its consequences?risk avoidancerisk retentionrisk sharingrisk reduction

Companies that outsource strategically important operations run the risk ofMultiple choice question.assuming too much control over critical operations.reducing operating costs of the company that they partner with.weakening their ability to sustain their competitive advantage in areas vital to the company's success.reducing the capabilities of the company responsible for performing the outsourced activity.

The CEO of a company is concerned that if a data breach should occur and customer data is exposed, the company could be sued. The CEO makes the decision to buy insurance for the company. What type of risk mitigation is the CEO implementing?Select one:transferencemitigationavoidancereduction

The disadvantages of global outsourcing are?a.Hidden costsb.Cut down customer issuesc.Cheap labour costd.Beat competition

Which of the following are disadvantages of outsourcing?Loss of control over business processesIssues of turnaround timePotential loss of sensitive dataAll of the above