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NEW QUESTION: 1
An organization would like to bid on a project, but they don't have enough employees available to complete the work. The organization approaches a competitor with the opportunity to partner on the project to win the work. What type of risk response is used in this instance?
A. Transference
B. Enhancing
C. Mitigation
D. Sharing
Answer: D
Explanation:
Explanation/Reference:
Answer option D is correct.
This is an example of sharing as the organization is sharing the opportunity with another firm. Without the other firm's cooperation the company wouldn't be able to win the contract. Both parties share the risk and the reward for the work.
Answer option A is incorrect. Enhancing is a positive risk event that aims to enhance the conditions that would make a positive risk event likely to occur. For example, a company could add more workers to a project to beat a deadline and win a bonus from the customer.
Answer option C is incorrect. Transference is a negative risk response that transfers the risk to a third party, usually for a fee.
Answer option B is incorrect. Mitigation is a risk response to reduce the probability and/or impact of a negative risk event.
Reference: PHR Exam prep, Pearson Education, ISBN: 978-0-7897-3677-2. Chapter 8: Risk Management.
Official PHR and SPHR Certification Guide, HR Certification Institute, ISBN: 978-1-586-44149-4, Section III, The US HR Body of Knowledge.
Chapter: Risk Management
Objective: Risk Management
NEW QUESTION: 2
Can the Lead Network Operations Business Manager start operational delivery after the baseline shows an expected 30% negative gross margin?
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B. No. Maximum accepted negative gross margin is 10%.
C. Only after the Cost Baseline is approved according to the required approval levels in the Region.
D. Yes. If the Cost Baseline is in line with the Business Case.
Answer: C
NEW QUESTION: 3
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B. Blue
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B. Create an SSD volume, use the server OS to copy the data to the new volume, and delete the FC volume.
C. Backup the data, delete the FC volume, create a new SSD volume, and restore the data to it.
D. Use the Dynamic Optimization feature in the HPE 3PAR StoreServ Management Console.
Answer: B
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