Option A is incorrect because a risk-seeking investor, not a risk-averse one, would aim to maximize both return and risk.
Option B is incorrect because a risk-neutral investor would focus on maximizing return without considering risk.
Option C is correct because risk-averse investors prioritize the risk-return trade-off, seeking to maximize return for the same level of risk or minimize risk for the same return. This aligns with the principles of portfolio management and risk aversion.