Sport Venue Management: Exam 3 UPDATED Exam Questions and CORRECT Answers
0 view 0 purchase
Module
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £7.67. You're not tied to anything after your purchase.
