Review

Question 1

Extended Organizations

Answer 1

These types of organizations are formed through the use of outsourcing, strategic alliances, or partnerships. Can assist when do not want to add additional locations.

Question 2

Downside Risk

Answer 2

A downside risk predicts a negative effect on attaining objectives. Example:
An organization accelerates its work schedule on a project, a downside risk would be errors due to employees working more hours to produce deliverables faster.

Question 3

Upside Risk

Answer 3

Point to opportunities for gain or furthering objectives as long as they are managed well. Example:
Solid data should lead to implementing measures to realign skills with strategy. It would be a downside risk if the organization does not act on the data.

Question 4

Secondary Risk

Answer 4

Secondary Risk refers to risks that are created by the risk management strategy itself. Examples:

Which solution to managing various risk offers the least secondary Risk?

Cross training is correct

Question 5

What is the first step of the ISO Risk Management Process?

Answer 5

Establish the risk context

Question 6

What does good-faith bargaining require if both labor and management?

Answer 6

Both sides must enter into the discussion with fair and open minds.

Question 7

HR has been charged with benchmarking the organizations sustainability performance against that of its global competitors. Which resource will best help HR accomplish this?

Answer 7

GRI G4 Sustainability Reporting Guidelines. It includes a sustainability disclosure database that provides online links to existing CSR and sustainability Reports as well as benchmark scorecards on their reporting.