Examlex
You are the project manager of a large construction project. Part of the project involves the wiring of the electricity in the building your project is creating. You and the project team determine the electrical work is too dangerous to perform yourself so you hire an electrician to perform the work for the project. This is an example of what type of risk response?
Acquiring
The act of obtaining something, often referring to the purchase of another company or assets.
Maintaining
The act of keeping something in good condition by regularly checking and repairing it as needed.
Retaining
The act of keeping employees within an organization, typically through engagement strategies, benefits, and positive workplace culture.
Compensation Practices
The methods and strategies employed by organizations to determine and provide wages, salaries, and benefits to employees.
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