Sport Venue Management: Exam 3 UPDATED Exam Questions and CORRECT Answers
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Course
Sport Venue Management
Institution
Sport Venue Management
Sport Venue Management: Exam 3
UPDATED Exam Questions and
CORRECT Answers
Risk Management - Correct Answer- Control of financial and personal injury loss from
sudden, unforeseen, unusual accidents and intentional torts.
Strategy to maintain greater control over the legal uncertainty that may...
Sport Venue Management: Exam 3
UPDATED Exam Questions and
CORRECT Answers
Risk Management - Correct Answer- Control of financial and personal injury loss from
sudden, unforeseen, unusual accidents and intentional torts.
Strategy to maintain greater control over the legal uncertainty that may wreak havoc on a
sport business.
Risk = _____ x _______ - Correct Answer- Probability x Consequence Severity
What are 2 key rules to follow with the DIM Process? - Correct Answer- Anticipatory rather
than reactionary
Proactive vs. Reactive
What does DIM stand for? - Correct Answer- Developing, Implementing, and Managing.
Developing (the risk plan) - Correct Answer- Identify risks
Clarify (frequency & severity, intensity of loss, Inherent vs. Non-Inherent)
Treating the risks
Steps to Treat the Risks - Correct Answer- Avoidance
Transfer (Insurance involvement)
Retention (Financial responsibility, Minor injury pay-outs)
, Reduce (Restrict risks of lawsuit, employee training, proper signage)
Implementing (the Risk Management plan) - Correct Answer- Employees included in
development
Orientation handbook
In-service training
Managing (the Risk Management plan) - Correct Answer- Risk manager/safety committee
Scope of duties
Upper management support
Evolve and fluctuate
Premises Liability - Correct Answer- the legal responsibility a facility or event manager owes
to the individuals utilizing the venue.
Negligence - Correct Answer- "Avoidable accidents that should have been anticipated and
prevented by taking reasonable precautions."
Torts
Action or inaction
Torts - Correct Answer- a wrongful act or an infringement of a right (other than under
contract) leading to civil legal liability.
The Elements of Negligence - Correct Answer- Duty
Breach of Duty
Proximate Cause
Damages
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