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APICS CTSC Exam - Topic 1 Question 14 Discussion

A company planning to minimize the impact of risk is engaging in what strategy?
C) Risk transfer
A) Risk acceptance
B) Risk avoidance
D) Risk mitigation

APICS CTSC Exam - Topic 1 Question 14 Discussion

Actual exam question for APICS's CTSC exam
Question #: 14
Topic #: 1
[All CTSC Questions]

A company planning to minimize the impact of risk is engaging in what strategy?

Show Suggested Answer Hide Answer
Suggested Answer: C

According to the CTSC Exam Content Manual, a good supply chain strategy should be tailored to the right level of complexity, which means balancing the trade-offs between efficiency and responsiveness, standardization and customization, centralization and decentralization, and integration and differentiation1. A good supply chain strategy should also align with the business strategy, customer expectations, and market conditions1. The other options are not necessarily wrong, but they are not the main criteria for a good supply chain strategy.


by Casie at May 31, 2024, 03:53 AM

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Nikita
9 months ago
Not sure about that, sounds too simple.
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Marvel
9 months ago
Wait, isn't risk transfer also a strategy?
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Jarod
9 months ago
Really? I thought it was risk avoidance.
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Lizbeth
10 months ago
Totally agree, risk mitigation is key!
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Johna
10 months ago
It's definitely risk mitigation!
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Fannie
10 months ago
I practiced a question similar to this, and I think risk mitigation was the right choice there too.
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Jolanda
10 months ago
Could it be risk transfer? I feel like that involves shifting the risk to another party, but I'm not confident.
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Maryann
10 months ago
I'm not entirely sure, but I remember something about risk avoidance being about not engaging in risky activities at all.
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Shenika
11 months ago
I think the answer might be risk mitigation since it sounds like they're trying to reduce the impact of risks.
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Aron
11 months ago
I'm a little confused by the wording of the question. Is the company trying to avoid risk entirely, or just minimize its impact? I want to make sure I select the right strategy based on the details provided.
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Frederic
11 months ago
I'm pretty confident that the answer is risk mitigation. That strategy focuses on reducing the negative effects of risks, which aligns with the company's objective in the question.
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Starr
11 months ago
Okay, I've got this. Risk mitigation is the strategy of taking action to reduce the likelihood or impact of a risk, so that's the one that matches the company's goal of minimizing the impact of risk.
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Kris
11 months ago
Hmm, I'm a bit unsure about the difference between risk avoidance and risk mitigation. I'll need to double-check my notes to make sure I understand the concepts.
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Lavonne
11 months ago
This seems like a straightforward risk management question. I'll carefully review the options and think through the definitions of each strategy.
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Hester
11 months ago
This seems straightforward to me. The key is to add the RSSO Group to the firewall policy, so I'm going with option B.
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Lettie
11 months ago
Design seems like it might be the answer, since you'd want to have a clear plan in place before you start implementing anything in the cloud.
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Eun
11 months ago
The key here is to focus on the purpose and intended use of the framework. I think option B is the correct answer, but I'll double-check the details to be sure.
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Tonette
1 year ago
C. Risk transfer is the way to go. That way, I can pass the buck and let someone else deal with the consequences!
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Anna
1 year ago
Hmm, I'm not sure. But I do know that my dog can smell risk from a mile away, so I'll go with his instinct on this one.
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In
1 year ago
C: My dog can sense risk too, maybe we should trust our instincts.
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Francesco
1 year ago
B: I agree, they are trying to minimize the impact of risk.
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Shawna
1 year ago
A: I think the company is engaging in risk mitigation.
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Raelene
1 year ago
B. Risk avoidance is the way to go if you want to minimize the impact of risk. Why take any chances?
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Deonna
1 year ago
D) Risk mitigation
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Viola
1 year ago
C) Risk transfer
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Coleen
1 year ago
B) Risk avoidance
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Deja
1 year ago
A) Risk acceptance
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Selma
1 year ago
I think the answer is D. Risk mitigation seems like the best strategy to minimize the impact of risk.
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Norah
1 year ago
A) Risk acceptance might not be the best choice if the goal is to minimize risk.
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Johnna
1 year ago
C) Risk transfer could be helpful if the company wants to shift the risk to another party.
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Annamaria
1 year ago
I think B) Risk avoidance could also be a good strategy depending on the situation.
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Vicente
1 year ago
I agree, D) Risk mitigation is definitely the best strategy to minimize risk.
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Ranee
1 year ago
I'm not sure, but I think it could also be C) Risk transfer, to shift the risk to another party.
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Francine
1 year ago
I agree with Pearlene, because mitigating risk means reducing its impact.
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Pearlene
1 year ago
I think the answer is D) Risk mitigation.
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