What is the difference between a threat and an exploit?

What is the difference between a threat and an exploit?
A. A threat is a result of utilizing flow in a system, and an exploit is a result of gaining control over the system.
B. A threat is a potential attack on an asset and an exploit takes advantage of the vulnerability of the asset
C. An exploit is an attack vector, and a threat is a potential path the attack must go through.
D. An exploit is an attack path, and a threat represents a potential vulnerability

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