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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?
Suggested Answer: C
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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.
48 comments · newest first
BA
Barrett
10 months ago
I thought sharing was more about resources, not partnerships.
SC
Scot
11 months ago
Interesting approach, but can they really trust their competitor?
HU
Huey
11 months ago
Wait, are we sure it's not transference?
RO
Roxane
11 months ago
Totally agree, it's about collaboration!
BO
Bong
11 months ago
This is definitely a sharing risk response.
KA
Karma
12 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.
VI
Vincenza
12 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.
AL
Aliza
12 months ago
I’m not entirely sure, but I remember something about mitigation being more about reducing risks rather than sharing them.
AS
Asha
1 year ago
I think this might be about risk sharing since they’re partnering with a competitor to take on the project together.
YA
Yasuko
1 year 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.
DE
Deeann
1 year 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.
RO
Rossana
1 year 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.
RO
Ronny
1 year 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.
AL
Alpha
1 year 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.
CH
Cherry
1 year ago
This seems like a tricky one. I'll need to think through the different options carefully.
JE
Jean
1 year ago
Sharing the risk with a competitor? I hope they have a good relationship, or this could get messy real quick.
MA
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.
MA
Markus
1 year ago
D) Transference
KR
Kris
1 year ago
C) Enhancing
RU
Rueben
1 year ago
B) Mitigation
BA
Barrie
1 year ago
A) Sharing
TA
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.
AS
Ashlyn
1 year ago
C) Enhancing
PA
Paulina
1 year ago
B) Mitigation
AR
Argelia
1 year ago
A) Sharing
PH
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.
GL
Gladis
1 year ago
I wonder if the competitor will agree to the partnership.
JU
Judy
1 year ago
D) Transference
PA
Paola
1 year ago
C) Enhancing
MO
Mona
1 year ago
B) Mitigation
LA
Lashandra
1 year ago
A) Sharing
DO
Dominque
1 year ago
It's definitely a unique strategy to handle resource constraints.
DA
Dawne
1 year ago
D) Transference
AR
Arletta
1 year ago
C) Enhancing
TR
Tracie
1 year ago
B) Mitigation
RO
Rosita
1 year ago
A) Sharing
LO
Lorean
1 year ago
I wonder how they will split the profits if they win the project.
KE
Kenny
1 year ago
D) Transference
TA
Tayna
1 year ago
C) Enhancing
GE
Gertude
1 year ago
B) Mitigation
MA
Marquetta
1 year ago
A) Sharing
MA
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.
TR
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.
EL
Elke
2 years ago
I agree with Shenika. By partnering with a competitor, the organization is transferring the risk of not having enough employees to complete the work.
EL
Ellsworth
2 years ago
Hmm, partnering with a competitor? That's a bold move, but I guess it's better than trying to do it all themselves. Let's see what the experts say.
PA
Paola
1 year ago
B) Mitigation
AL
Alita
1 year ago
A) Sharing
SH
Shenika
2 years ago
I think the answer is D) Transference.