Which of the following is NOT one of the four risk management techniques?

The correct answer is that "elimination" is not considered one of the four primary risk management techniques. Risk management techniques typically include avoidance, reduction, transference, and retention.

Avoidance involves eliminating the risk entirely by not engaging in the activity that creates the risk. Reduction focuses on minimizing the impact or likelihood of the risk, often through safety measures or protocols. Transference shifts the responsibility for managing the risk to another party, such as through insurance.

Elimination is not defined as a separate technique within this context because while it may seem similar to avoidance, it is not recognized as one of the foundational strategies for handling risks in a structured risk management framework. Therefore, recognizing the distinct techniques is essential for effective risk management.