Free PMP Exam Sample Question
The following PMP® Exam Sample Question is taken from the Free PMP Exam Simulator:
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Tim is working on an electronic manufacturing project. In his project he wants to establish a warranty for some of the precision parts he is buying. What risk response strategy is he using?
A) Mitigate
B) Avoid
C) Accept
D) Transfer
Hint: Tim is shifting the negative impact of the risk.
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ANSWER AND EXPLANATION:
The correct answer is D.
Explanation: Risk transfer requires shifting some or all of the negative impact of a threat, along with the ownership of the response. Taking out insurance or a warranty transfers the risk from the owner to the other party.