What is the purpose of mitigating negative risks as a part of the risk response process?

What is the purpose of mitigating negative risks as a part of the risk response process?
A. To transfer the probability of a risk happening to a third party, and to reduce the severity of the impact
B. To reduce the probability of a risk happening, and/or reduce the severity of the impact
C. To accept the probability of a risk happening to reduce the severity of the impact
D. To increase the probability of a risk happening, but reduce the severity of the impact

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