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NEW QUESTION # 119
The possibility that purchased software will not function as planned or that new software will emerge making existing software obsolete can be described as which of the following types of risks?
Answer: A
Explanation:
* Risk Categorization: Technical risks are associated with the technology itself, including the possibility of malfunction or obsolescence.
* Software Risks: The risk that software will not function as planned or become obsolete falls squarely within the realm of technical risks. This includes compatibility issues, performance problems, and the emergence of superior alternatives.
* Mitigation Strategies: Addressing technical risks involves thorough testing, staying updated with technology trends, and having contingency plans in place.
* Reference: The categorization of risks into technical, operational, environmental, and data security is widely recognized in risk management frameworks such as ISO 31000 and the Project Management Body of Knowledge (PMBOK).
NEW QUESTION # 120
A supply manager for CDE Inc. hires several young supply management professionals. The new staff members are eager to gain experience and use their technological skills. Some staff members, however, are planning to retire, and the supply manager does not want to lose their expertise and perspective. Given this situation, which of the following is the BEST course of action for the supply manager to take?
Answer: B
Explanation:
The best course of action for the supply manager is to match new employees with experienced employees in mentoring relationships. This approach allows the transfer of knowledge, skills, and perspectives from retiring staff to the younger generation, ensuring continuity and preserving valuable expertise. Leadership and transformation management documents highlight the benefits of mentoring in fostering professional growth, enhancing team cohesion, and maintaining organizational knowledge. Reference emphasize that mentoring relationships provide a structured way to develop new employees while valuing the contributions of experienced staff, thereby addressing both the need for technological skills and the preservation of institutional knowledge.
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NEW QUESTION # 121
A firm hires a new employee to the supply management department. The organization requires new employees to complete a mandatory on-line training system prior to using its enterprise resource planning (ERP) system. After two months on the job, the new employee is still struggling with locating key information in the ERP system. However, the employee has developed a solid rapport with the department and is knowledgeable of the business through various team projects. Given this situation, which of the following would be BEST suited to enhancing the new employee's ERP skills?
Answer: D
Explanation:
The new employee in the supply management department has developed good rapport with the team and has gained business knowledge but is struggling with the ERP system. One-on-one training is the best approach to enhance the employee's ERP skills. This method provides personalized instruction, allowing the trainer to address specific questions and challenges faced by the employee. Leadership and transformation management documents emphasize the importance of tailored training methods to effectively develop employees' skills. Personalized training can accelerate learning and ensure the employee becomes proficient in using the ERP system. Reference highlight the benefits of hands-on, direct interaction in training, which can be more effective than generic online modules or manuals for complex systems.
NEW QUESTION # 122
CDE, Inc. is a U.S.-based sporting apparel company. CDE contracts with a manufacturer in another country to produce a specialized line of clothing. In the first few months, sales of the new line are very disappointing. It is then discovered that the manufacturer is marketing counterfeit copies of the new line in the U.S. and abroad, thus undercutting CDE's pricing and damaging its reputation. Given this situation, which of the following should CDE do FIRST?
Answer: A
Explanation:
When a manufacturer is discovered marketing counterfeit copies of CDE's products, the first course of action should be to issue a cease and desist notification and reassess production risk. This approach is recommended by leadership and transformation management documents, which emphasize the importance of promptly addressing intellectual property breaches while evaluating the associated risks. Issuing a cease and desist notice serves as a formal demand to stop the infringing activities, protecting the company's legal rights and initiating the process of addressing the violation. Reassessing production risk involves evaluating the current supplier's reliability and considering alternative suppliers to mitigate future risks. Reference highlight the necessity of protecting intellectual property and maintaining supplier integrity in global supply chains.
NEW QUESTION # 123
A legal hold order prohibits the deletion or destruction of
Answer: A
Explanation:
A legal hold order prohibits the deletion or destruction of all physical and electronic documents. Leadership and transformation management documents emphasize the importance of preserving all relevant information when a legal hold is in place to ensure compliance with legal and regulatory requirements. This includes emails, contracts, competitive bidding results, and any other documents that might be relevant to the legal matter at hand. Reference highlight the necessity of comprehensive document retention to protect the organization and ensure that all potentially relevant information is available for legal proceedings.
NEW QUESTION # 124
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