What could be a characteristic of the participation of an expert in risk identification?

The correct choice highlights that hiring or retaining experts for risk identification can be associated with significant costs. Experts typically possess specialized knowledge and experience that is invaluable in accurately identifying potential risks within an organization. Their insights can lead to better risk management strategies and decision-making. However, this expertise often comes at a premium, as professionals with a deep understanding of specific risks and industries are sought after and compensated accordingly.

Considering the other choices, they do not align with the characteristics typically seen in an expert's role. For instance, while some experts may have limited knowledge in a specific area, it is generally expected that they understand the industry well enough to provide relevant and actionable insights. Free advice is not a common characteristic of experts, as their time and expertise are usually compensated. Finally, working independently is not typical for experts involved in a collaborative risk management process; instead, their role often includes working closely with the organization to analyze risks tailored to its specific context.