Which of the following is NOT a risk response strategy?

The choice of "Ignore risk" is not considered a risk response strategy because it does not involve any proactive measures taken to manage or address the identified risks. Risk response strategies are intended to minimize the impact of risks on an organization, and they typically include actions such as designing the risk out, transferring or sharing risk, and reducing risk, all of which involve active responses to either mitigate potential losses or exploit opportunities.

In contrast, ignoring a risk means acknowledging its existence without implementing any strategy to manage it. This passive approach can lead to unforeseen challenges, as the risk may materialize without any preparation or contingency plan in place. Therefore, while acknowledging a risk is crucial for risk management, failing to respond effectively to it can significantly jeopardize an organization's success and safety.