What is NOT considered a method of managing risk?

Rescission refers to the act of voiding or canceling a contract, particularly an insurance policy, typically due to misrepresentation or non-disclosure by the insured. It is a legal remedy rather than a method for managing risk. Risk management methods, on the other hand, include strategies to address potential losses or hazards.

Avoidance involves strategies to eliminate risks entirely, such as not engaging in activities that could lead to potential harm. Retention means accepting the risk and choosing to bear the potential costs, often by setting aside resources to cover it if it occurs. Transfer is about shifting the risk to another party, usually through insurance, where the responsibility of that risk is assumed by the insurer.

Thus, while avoidance, retention, and transfer are all recognized techniques for managing risk, rescission does not fit into this category, making it the correct choice for what is NOT considered a method of managing risk.