Which of the following is NOT a method of managing risk?

The correct response identifies that destruction is not a recognized method of managing risk. Risk management strategies typically include concepts such as retention, transfer, and mitigation.

Retention involves accepting the risk and potentially bearing the financial consequences yourself, while transfer shifts the risk to another party, often through insurance. Mitigation focuses on reducing the likelihood of a risk occurring or minimizing its impact.

Destruction, on the other hand, does not fit within these accepted methods of risk management because it implies the complete elimination of the risk source rather than a structured approach. In essence, destruction is not considered a feasible or practical method for managing risks as it does not address the risk management process's core objective of strategizing ways to handle potential risks effectively.