HRCI PHR Exam - Topic 2 Question 92 Discussion

Actual exam question for HRCI's PHR exam

Question #: 92
Topic #: 2

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?

ASharing

BMitigation

CEnhancing

DTransference

Show Suggested Answer

Suggested Answer: C

The Railway Labor Act was a critical win for the management, in that it helped keep trains, and later airlines, from striking - to disrupt travel of citizens. The act was created to keep the trains moving - with a few exceptions, such as safety.

Answer option A is incorrect. The Clayton Act clarified language in the Sherman Antitrust Act, and deemed labor unions and agricultural unions exempt from the Sherman Antitrust Act.

Answer option D is incorrect. The National Industrial Recovery Act guaranteed laborers the right to organize and bargain collectively.

Answer option B is incorrect. The National Labor Relations Act, also known as the Wagner Act, guaranteed the right to self-organization, to form, join, or assist labor organization, to bargain collectively through representatives of their own choice.

by Dianne at Jul 11, 2024, 04:13 AM

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Barrett

7 months ago

I thought sharing was more about resources, not partnerships.

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Scot

8 months ago

Interesting approach, but can they really trust their competitor?

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Huey

8 months ago

Wait, are we sure it's not transference?

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Roxane

8 months ago

Totally agree, it's about collaboration!

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Bong

8 months ago

This is definitely a sharing risk response.

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Karma

9 months ago

I’m a bit lost on this one. Could it be transference? I remember that term being used when risks are passed to another party, but I’m not confident.

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Vincenza

9 months ago

This seems similar to a practice question I did where two companies teamed up. I think that was also about sharing risks, so I’m leaning towards option A.

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Aliza

9 months ago

I’m not entirely sure, but I remember something about mitigation being more about reducing risks rather than sharing them.

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Asha

9 months ago

I think this might be about risk sharing since they’re partnering with a competitor to take on the project together.

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Yasuko

9 months ago

I'm a little confused on this one. Is mitigation also a possibility, since the organization is taking action to address the risk of not having enough employees? I'll have to review my notes to see if that fits.

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Deeann

9 months ago

Okay, let me see if I can break this down. The organization doesn't have enough employees, so they're partnering with a competitor. That sounds like they're sharing the risk, so I'm going to go with option A.

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Rossana

9 months ago

Hmm, I'm not sure about this one. Is it possible the answer could be transference, since the organization is transferring the risk to the competitor? I'll need to think this through a bit more.

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Ronny

9 months ago

This seems like a straightforward risk response question. I'm pretty confident the answer is sharing, since the organization is partnering with a competitor to complete the work.

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Alpha

9 months ago

The instructions seem clear, but I want to double-check that I have the right approach before submitting my answer. I'll review the steps one more time to be sure.

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Cherry

10 months ago

This seems like a tricky one. I'll need to think through the different options carefully.

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Jean

1 year ago

Sharing the risk with a competitor? I hope they have a good relationship, or this could get messy real quick.

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Marcos

1 year ago

Enhancing the risk by bringing in a competitor? That's a bold strategy, Cotton. Let's see if it pays off for them.

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Markus

1 year ago

D) Transference

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Kris

1 year ago

C) Enhancing

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Rueben

1 year ago

B) Mitigation

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Barrie

1 year ago

A) Sharing

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Tamesha

1 year ago

Mitigation, huh? Seems like a pretty straightforward answer to me. But what do I know, I'm just a humble exam taker.

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Ashlyn

1 year ago

C) Enhancing

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Paulina

1 year ago

B) Mitigation

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Argelia

1 year ago

A) Sharing

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Phillip

1 year ago

Transferring the risk to a competitor? Interesting approach. I bet the legal team will have a field day with that one.

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Gladis

1 year ago

I wonder if the competitor will agree to the partnership.

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Judy

1 year ago

D) Transference

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Paola

1 year ago

C) Enhancing

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Mona

1 year ago

B) Mitigation

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Lashandra

1 year ago

A) Sharing

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Dominque

1 year ago

It's definitely a unique strategy to handle resource constraints.

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Dawne

1 year ago

D) Transference

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Arletta

1 year ago

C) Enhancing

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Tracie

1 year ago

B) Mitigation

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Rosita

1 year ago

A) Sharing

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Lorean

1 year ago

I wonder how they will split the profits if they win the project.

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Kenny

1 year ago

D) Transference

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Tayna

1 year ago

C) Enhancing

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Gertude

1 year ago

B) Mitigation

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Marquetta

1 year ago

A) Sharing

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Maryann

1 year ago

Sharing the project with a competitor? I wonder if they'll split the profits 50/50 or if one of them will end up with the short end of the stick.

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Truman

1 year ago

I'm not sure, but I think it could also be A) Sharing. The organization is sharing the resources and responsibilities with the competitor to mitigate the risk.

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