Which of the following best defines risk management?

a$.$ A physical feature or operational attribute that renders an entity, asset, system, network, or geographic area open to exploitation or susceptible to a given hazard.

b$.$ The management of the consequence of something happening is described in either quantitative terms of probability or frequency.

c$.$ The potential for an unwanted outcome resulting from an incident, event, or occurrence, is determined by its likelihood and the associated consequences.

d$.$ A process of identifying the potential for an unwanted outcome, determining what to do about it from among the available alternatives, and then doing it$.$