Examination should include
- definitions of the terms
- risk
- risk identification
- risk assessment
- risk analysis
- risk evaluation
- risk mitigation
- risk management
- liability
- loss
- insurance
- disclaimers
- an interpretation of how these factors shape a risk management plan for a sports, entertainment, and event business.
Process/Skill Questions:
- Why must sports, entertainment, and event businesses prioritize risk management and safety planning?
- What insurance policies are necessary to protect a business? What does each type cover?
- What challenges do sports, entertainment, and event businesses face due to weather-related and natural disruptions?
- What role does the Occupational Safety and Health Administration (OSHA) play in ensuring safety in the sports, entertainment, and event industries?
- How regularly should businesses reassess their risk management policies?
- When is a disclaimer appropriate?
- What types of risk and precautions should a company consider when introducing new products and services?
- What are the potential consequences of ignoring risks in the sports, entertainment, and event sectors?
- What actions can organizations take to effectively examine and understand their risks?
- What actions should companies take once risks have been detected?
- What measures can businesses take to prevent or lessen the impact of risks?