Final answer:
Among the given options for handling risk, 'exposing the risk' is not a recognized strategy. Risk can be managed by retaining, transferring, or avoiding it, but not by deliberate exposure without a mitigation plan.
Step-by-step explanation:
All of the following are ways of handling risk, EXCEPT:
- Retaining the risk: This means that an individual or a business decides to take the chance and assume the financial risks themselves.
- Transferring risk: This is done through insurance policies or other contracts where the risk is shifted to another party.
- Avoiding risk: Here, any activity that might lead to risk is not undertaken.
- Exposing the risk: This is not a commonly recognized strategy for managing risk. Generally, the recognized strategies do not include deliberately exposing oneself to risk without mitigation.
Therefore, the answer is d. Exposing the risk.