EFM Exam 2 with all Correct & 100% Verified Answers |
Actual Complete Exam |Already Graded A+
is defined as the area of law that covers formalized relationships involving exchanges of
personal services or goods ✔Correct Answer-Contract law
New Boston Garden Corporation v. Baker was a case in which a fan sued an organization for
money spent on season tickets based on the idea that the team was not what? ✔Correct
Answer-Team was not performing up to his expected standards (lost case)
In New Boston Garden Corporation v. Baker, Baker won the case on the basis of extenuating
circumstances (T/F) ✔Correct Answer-False
What four things must be included in a contract to make it official? ✔Correct Answer-Offer,
Acceptance, Consideration, Capacity
What four things must be included in an offer? ✔Correct Answer-Parties involved, subject
matter, time and place for performance, consideration involved
This is defined as the ability or power to enter into an agreement ✔Correct Answer-Capacity
Someone under the age of 18 could be considered as not having the capacity to enter into a
contract (T/F) ✔Correct Answer-True
is when an obligation specified in a contract is not met ✔Correct Answer-Breach of Contract
Contracts can be either __________________________________ or
____________________________________ ✔Correct Answer-Bilateral and Unilateral
contracts
Event contracts are the ONLY type of contracts that can be broken in the realm of facility and
event management (T/F) ✔Correct Answer-False
A bilateral contract consists of promises from one party to perform an act or service for another
(T/F) ✔Correct Answer-False
Capacity is an "exchange of value" between bargaining parties (T/F) ✔Correct Answer-False
A contract is seen as "an agreement between parties which is enforceable under the law" (T/F)
✔Correct Answer-True
, What does each step in the DIM process stand for? ✔Correct Answer-Developing,
Implementing, and Managing
In event and facility management, it is important to be anticipatory rather than reactionary in
regard to risks (T/F) ✔Correct Answer-True
In developing a risk management plan, it is important that facility and event managers create a
set of there (SOPs, for short) ✔Correct Answer-Standard Operating Procedures
List some of the ways that we can classify types of risks, as laid out in the book and lecture
✔Correct Answer-Frequency or severity, intensity of loss, financial or personal injury loss,
inherent/non-inherent
One way of managing risks is to have a third party involved, which then
____________________________________ the risk liability to someone else. ✔Correct
Answer-Transfers
Insurance coverage is one way that risks can be managed by a facility (T/F) ✔Correct Answer-
True
It is not important to train day of game workers on the risk management plan (T/F) ✔Correct
Answer-False
Which of the following recreation or sport related litigation can be reduced by appropriate risk
management procedures?
a. Age discrimination
b. Sexual harassment
c. Non-compliance with ADA guidelines
d. All of the above
e. None of the above ✔Correct Answer-D
If a risk is classified as occurring frequently and having a high severity which of the following
would be the most logical treatment to use? ✔Correct Answer-Avoid
Once a risk management plan is in place, it is not important to review and revise it frequently
(T/F) ✔Correct Answer-false
What are some of the reasons that risk management has come to the forefront in importance
for event and facility mangers? ✔Correct Answer-Increased media coverage, increased
lawsuits on slip and fall accidents, unique risks of sport
What are the four elements of negligence? ✔Correct Answer-Duty, Breach of duty, Proximate
Cause, and Damages
Actual Complete Exam |Already Graded A+
is defined as the area of law that covers formalized relationships involving exchanges of
personal services or goods ✔Correct Answer-Contract law
New Boston Garden Corporation v. Baker was a case in which a fan sued an organization for
money spent on season tickets based on the idea that the team was not what? ✔Correct
Answer-Team was not performing up to his expected standards (lost case)
In New Boston Garden Corporation v. Baker, Baker won the case on the basis of extenuating
circumstances (T/F) ✔Correct Answer-False
What four things must be included in a contract to make it official? ✔Correct Answer-Offer,
Acceptance, Consideration, Capacity
What four things must be included in an offer? ✔Correct Answer-Parties involved, subject
matter, time and place for performance, consideration involved
This is defined as the ability or power to enter into an agreement ✔Correct Answer-Capacity
Someone under the age of 18 could be considered as not having the capacity to enter into a
contract (T/F) ✔Correct Answer-True
is when an obligation specified in a contract is not met ✔Correct Answer-Breach of Contract
Contracts can be either __________________________________ or
____________________________________ ✔Correct Answer-Bilateral and Unilateral
contracts
Event contracts are the ONLY type of contracts that can be broken in the realm of facility and
event management (T/F) ✔Correct Answer-False
A bilateral contract consists of promises from one party to perform an act or service for another
(T/F) ✔Correct Answer-False
Capacity is an "exchange of value" between bargaining parties (T/F) ✔Correct Answer-False
A contract is seen as "an agreement between parties which is enforceable under the law" (T/F)
✔Correct Answer-True
, What does each step in the DIM process stand for? ✔Correct Answer-Developing,
Implementing, and Managing
In event and facility management, it is important to be anticipatory rather than reactionary in
regard to risks (T/F) ✔Correct Answer-True
In developing a risk management plan, it is important that facility and event managers create a
set of there (SOPs, for short) ✔Correct Answer-Standard Operating Procedures
List some of the ways that we can classify types of risks, as laid out in the book and lecture
✔Correct Answer-Frequency or severity, intensity of loss, financial or personal injury loss,
inherent/non-inherent
One way of managing risks is to have a third party involved, which then
____________________________________ the risk liability to someone else. ✔Correct
Answer-Transfers
Insurance coverage is one way that risks can be managed by a facility (T/F) ✔Correct Answer-
True
It is not important to train day of game workers on the risk management plan (T/F) ✔Correct
Answer-False
Which of the following recreation or sport related litigation can be reduced by appropriate risk
management procedures?
a. Age discrimination
b. Sexual harassment
c. Non-compliance with ADA guidelines
d. All of the above
e. None of the above ✔Correct Answer-D
If a risk is classified as occurring frequently and having a high severity which of the following
would be the most logical treatment to use? ✔Correct Answer-Avoid
Once a risk management plan is in place, it is not important to review and revise it frequently
(T/F) ✔Correct Answer-false
What are some of the reasons that risk management has come to the forefront in importance
for event and facility mangers? ✔Correct Answer-Increased media coverage, increased
lawsuits on slip and fall accidents, unique risks of sport
What are the four elements of negligence? ✔Correct Answer-Duty, Breach of duty, Proximate
Cause, and Damages
