Which of these actions does NOT fall under risk management?

Risk management encompasses strategies and practices that aim to identify, assess, and mitigate potential risks that could negatively impact an organization or investment. Within this context, avoiding potential legal disputes, transferring risks through insurance, and controlling property maintenance costs are all proactive measures that help manage risks effectively.

Ignoring market trends, however, does not align with the principles of risk management. Understanding and responding to market trends is essential for making informed decisions and minimizing potential risks associated with market fluctuations. When an entity chooses to ignore these trends, it exposes itself to greater risk since it lacks the necessary information to navigate changes in the market environment. Thus, ignoring market trends indeed represents an action that falls outside the scope of effective risk management practices.