The correct answer is C. Risk response. Risk response refers to the actions that are identified to bring a situation to a level where exposure to a risk is acceptable. Risk response is a critical aspect of risk management, which involves identifying, assessing, and mitigating potential risks to a project or organization. Risk response is one of the key components of the risk management process. Once a risk has been identified and assessed, a risk response plan can be developed to mitigate or manage the risk. The risk response plan outlines the specific actions that will be taken to address the risk and minimize its impact on the project or organization.