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Discovered risk is either accepted or remediated. When a vulnerability (risk) is found in an environment it usually breaks a policy requiring a policy exception or remediation.
Remediate(treatment plan): a documented plan for how they will get their and responsible parties involved.
Accept(policy exception): document risk. Assign the risk to an owner(s) and obtain sign off. This is reviewed every X months/quarters/years.
Google CISSP risk acceptance, transfer, mitigation, and avoidance.