The telecom project is scheduled to run until year's end. There is a strong possibility that the union collective bargaining agreement will not be renewed immediately upon its expiration next month. Union negotiation is outside the control of senior management and the project, so senior management has decided to reassign the job responsibilities of union personnel to non-union personnel to minimize project schedule slippage. Of the following, what best answer describes the type of risk response represented by this decision?

Group of answer choices

Risk avoidance, which avoids negative risk by taking actions to prevent it

Risk transference, which avoids negative risk by transferring or reassigning responsibilities

Risk acceptance, which accepts negative risk and has a plan to deal with it if it occurs

Risk mitigation, which mitigates negative risk by taking actions to lessen its impact