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Portobello is an Italian manufacturing company that produces canned tomato sauces. It imports a lot of its tomatoes from Latin America as there isn't the capacity to grow that many tomatoes in Italy. One of the major risks posing Portobello is that the tomatoes must be transported via cargo ship, and there is a risk that the ship may sink, or be delayed by bad weather. Portobello has taken out insurance to cover the cost of the tomatoes should this happen. What technique has Portobello used?
Suggested Answer: A
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The correct answers are as follows:
CSR= Corporate Social Responsibility
43 comments · newest first
LO
Lonny
11 months ago
Not sure if insurance really covers all the risks though.
BE
Beth
11 months ago
I think they treat the risk by taking out insurance, right?
CH
Charlesetta
12 months ago
Wait, they can't grow enough tomatoes in Italy? That's surprising!
AR
Argelia
12 months ago
Totally agree, they definitely transfer the risk with insurance.
JU
Junita
1 year ago
Portobello imports tomatoes from Latin America!
KR
Kris
1 year ago
I thought "tolerate" meant just accepting the risk, but insurance seems more proactive. So, I guess it must be "transfer," but I’m not completely confident.
CO
Cory
1 year ago
I practiced a question similar to this where a company used insurance to cover losses. I think that means they are transferring the risk, but I could be wrong.
TU
Tuyet
1 year ago
I'm not entirely sure, but I remember something about treating risks directly. But in this case, insurance feels more like transferring the risk to the insurer.
CA
Candra
1 year ago
I think Portobello is trying to manage the risk by transferring it, right? They got insurance for the tomatoes, which seems like a classic case of risk transfer.
MO
Moon
1 year ago
I'm a little confused by this question. The options don't seem to match up perfectly with the situation described. I'll have to re-read it a few times and see if I can figure out the best approach.
LA
Lavera
1 year ago
Okay, I think I've got it. Portobello is transferring the risk of the tomato shipments to an insurance company, so the correct answer is "transfer". That makes sense given the information provided.
LE
Leota
1 year ago
Hmm, I'm a bit unsure about this one. The question mentions that Portobello has a "major risk" with the tomato shipments, but it's not clear if they're actually trying to manage that risk or just accepting it. I'll have to think this through carefully.
GE
Geraldine
1 year ago
This seems like a straightforward risk management question. Portobello has taken out insurance to cover the cost of the tomatoes in case the cargo ship sinks or is delayed, so the answer is clearly "transfer".
PA
Paris
2 years ago
Haha, terminating the weather, I like it! Although I think that would be a bit overkill. Transfer is definitely the right answer here.
XO
Xochitl
1 year ago
C) transfer
GO
Goldie
1 year ago
B) treat
CH
Cherri
1 year ago
A) tolerate
DU
Dulce
2 years ago
All these options sound a bit dry. Can we add some spice to this question? How about 'terminate' the bad weather with a flamethrower?
SA
Salena
1 year ago
Yeah, it might be a bit extreme. Maybe they should stick to insurance.
KA
Katina
1 year ago
D) terminate
TR
Trina
1 year ago
C) transfer
CA
Casey
1 year ago
B) treat
SH
Shawnee
1 year ago
A) tolerate
DE
Denna
1 year ago
Haha, I don't think a flamethrower would work on bad weather!
JO
Josphine
1 year ago
D) terminate
HO
Holley
1 year ago
C) transfer
ME
Merilyn
1 year ago
B) treat
PA
Paris
1 year ago
A) tolerate
ED
Edgar
1 year ago
That would definitely add some spice to the situation!
JA
Janessa
1 year ago
D) terminate
TE
Terrilyn
1 year ago
C) transfer
GE
Germaine
1 year ago
B) treat
JE
Jerry
1 year ago
A) tolerate
DE
Dexter
2 years ago
Yes, transferring the risk through insurance is a smart move for Portobello.
CA
Carmen
2 years ago
I agree, transferring the risk is the way to go. Paying for insurance is better than eating the cost of the tomatoes yourself.
CA
Cassi
1 year ago
I agree, transferring the risk is the way to go. Paying for insurance is better than eating the cost of the tomatoes yourself.
JO
Joni
1 year ago
D) terminate
BI
Billy
1 year ago
C) transfer
GI
Giovanna
2 years ago
B) treat
XO
Xochitl
2 years ago
A) tolerate
MY
Myra
2 years ago
Transfer seems like the obvious choice here. Portobello is transferring the risk of the tomatoes being lost or delayed to an insurance company.
AL
Alishia
2 years ago
I agree with Eugene, Portobello has transferred the risk by taking out insurance.
EU
Eugene
2 years ago
I think the technique used is transfer.