The manufacturing plant for Knight, Inc. is located in a flood plain. Although the risk of flood is low, Knight's manager is concerned that a flood could damage the plant and equipment. He got bids on flood insurance from two insurance agents, but decided the cost of coverage was too high relative to the risk. So, he did not purchase flood insurance. Which risk management technique is Knight using with respect to the risk of flood? noninsurance transfer O passive retention active retention avoidance