Risk acceptance, risk avoidance, and risk transfer are all standard strategies used to respond to identified risks.

### Why this is right The readable risk-management passage specifically identifies acceptance, avoidance, and transfer. The statement reports the terms listed in the source. ### The concept A **risk-management option** is a possible response to an exposure. Acceptance means keeping the exposure and bearing its consequences. Avoidance means removing the activity or situation that creates it. Transfer means arranging for another party to assume some agreed consequences. These responses are distinct from **risk assessment**, which concerns examining a risk before or while making a decision. The material’s text about assessment is damaged, so it supports recognizing the topic but not a detailed assessment method. ### Terms - **Risk acceptance**: Retaining an exposure and bearing its consequences. - **Risk avoidance**: Removing an exposure by not undertaking its source activity. - **Risk transfer**: Shifting some agreed consequences to another party. ### Remember The source names three response options: accept, avoid, or transfer.