Consider the following statement:

"Sometimes, it may be more cost$-$effective to accept and manage a certain level of risk, even if other risk management methods are available, based on the likelihood and severity of the risks involved. $"$

This correspond to which risk treatment technique?

Select one:

a$.$

Spreading $/$ Sharing

b$.$

Loss prevention and reduction

c$.$

Retention and Acceptance

d$.$

Transfer

e$.$

Avoidance $/$ Elimination