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

The correct answer highlights that "selling the risk" is not considered one of the recognized techniques of risk management. The five common techniques typically include accepting the risk, controlling the risk, transferring the risk, avoiding the risk, and mitigating the risk.

Accepting the risk involves acknowledging the existence of a risk and deciding to proceed with an activity despite that risk, often when the cost of mitigation does not outweigh the potential benefits. Controlling the risk encompasses implementing measures to minimize the likelihood or impact of a risk, such as safety training or improved operational procedures. Transferring the risk often involves shifting the financial burden of a risk from one party to another, commonly done through insurance policies or contractual agreements.

In contrast, "selling the risk" is not a standard technique in risk management frameworks. This term may imply minimizing risk by transferring financial responsibility, but it does not align with formalized risk management terminology. Therefore, it does not fit within the established techniques used for effective risk management in practice.