Which action would NOT represent risk avoidance?

Risk avoidance involves taking proactive steps to eliminate exposure to risk or to avoid engaging in situations where risk is inherent. Among the choices, the action that does not represent risk avoidance is the action of ignoring safety regulations to reduce costs. This choice demonstrates a disregard for potential risks and hazards, which could lead to negative outcomes rather than avoiding them.

In contrast, choosing not to invest in high-risk ventures, implementing safety protocols for workers, and declining to engage in activities with known risks all illustrate proactive measures aimed at reducing or eliminating exposure to risk. These actions are strategies for managing risk effectively by preventing it from occurring in the first place. Ignoring safety regulations, however, increases the likelihood of accidents or losses, thus failing to align with the principles of risk avoidance.