Your hardware vendor left you a voicemail saying that the landslides in the west will prevent your equipment from arriving on time. You anticipated this type of risky situation and had previously arranged for language in the contract to receive complete coverage of delays to the schedule in the event of late delivered goods. The vendor will need to pay for any delays that affect the project. This is an example of which risk response strategy?

a.

Risk sharing.

b.

Risk minimization.

c.

Risk transfer.

d.

Risk acceptance.