Which of the following is not a form of risk management?

Risk accumulation is not considered a form of risk management because it refers to the situation where individuals or organizations take on more risk rather than implementing strategies to manage or mitigate it. In the context of risk management, it is generally understood that effective strategies involve actions aimed at minimizing or transferring risk rather than accumulating it.

In contrast, risk avoidance involves taking steps to eliminate risks entirely by avoiding certain activities. Risk reduction focuses on minimizing the impact or likelihood of risks, employing measures to decrease their potential effects. Risk transfer entails shifting the risk to another party, commonly through insurance or contracts, thereby protecting oneself from direct exposure to the risk. Therefore, since risk accumulation does not align with these proactive strategies to manage risk, it is accurately identified as not being a form of risk management.