An injured victim is conscious and bleeding severely. after telling someone to call 911 obtaining consent and putting on disposable gloves, what is your next step?

The correct answer is " press firmly against the wound with a sterile dressing".

Pressing firmly against a bleeding wound, may counter the severe bleeding and may also stop the bleeding, since the pressure that causes blood to gush out, is given a counter pressure to stop. Using sterile dressing while doing this to an open wound may also prevent infection.