SPTE 203 FINAL EXAM QUESTIONS WITH ACCURATE
SOLUTIONS
EEOC -- Answer ✔✔ Equal Employment Opportunity Commission
- if resume/cover letter are required, company must keep accepted ones on file for 2
years
DIM Process -- Answer ✔✔ Developing the Plan
Implementing the Plan
Managing the Plan
Keys to developing the Plan (3) -- Answer ✔✔ Identifying, classifying and treating the
risks
Keys to identifying risk -- Answer ✔✔ - Standard Operating Procedures
- Venue Staff
Classifying risk Frequency -- Answer ✔✔ how often it happens
- high
- med
- seldom
Classifying risk severity -- Answer ✔✔ how bad it is; intensity of loss; financial and
personal injury loss; Inherent/non-Inherent risks
- Catastrophic
- Critical
- Moderate
, - Low
Risk Matrix -- Answer ✔✔ can be created that allows a consistent approach to the
classification process
- gives manager 12 different categories to classify risk
Treating the Risk -- Answer ✔✔ - Avoidance
- Transfer
Treating the Risk: Avoidance -- Answer ✔✔ for a sports venue, means that a specific
activity should not be started, or the activity should be discontinued if it is presently
being offered
When Risk should be avoided -- Answer ✔✔ when an act could cause a catastrophic or
critical loss with medium or high frequency
When risk avoidance should be implemented -- Answer ✔✔ as a last resort when the
danger is substantial, and the frequency of injury is significant
Treating Risk: Transfer -- Answer ✔✔ - Shifting of the financial responsibility for an
injury or loss from the facility manager/ owner to a third party
Insurance as a transfer of risk -- Answer ✔✔ transfer of financial risk from an individual
to an outside organization
- most well-known and popular type of transfer
When does risk transfer occur -- Answer ✔✔ almost every instance except:
catastrophic/critical loss with medium/high frequency or low loss and medium/seldom
frequency
SOLUTIONS
EEOC -- Answer ✔✔ Equal Employment Opportunity Commission
- if resume/cover letter are required, company must keep accepted ones on file for 2
years
DIM Process -- Answer ✔✔ Developing the Plan
Implementing the Plan
Managing the Plan
Keys to developing the Plan (3) -- Answer ✔✔ Identifying, classifying and treating the
risks
Keys to identifying risk -- Answer ✔✔ - Standard Operating Procedures
- Venue Staff
Classifying risk Frequency -- Answer ✔✔ how often it happens
- high
- med
- seldom
Classifying risk severity -- Answer ✔✔ how bad it is; intensity of loss; financial and
personal injury loss; Inherent/non-Inherent risks
- Catastrophic
- Critical
- Moderate
, - Low
Risk Matrix -- Answer ✔✔ can be created that allows a consistent approach to the
classification process
- gives manager 12 different categories to classify risk
Treating the Risk -- Answer ✔✔ - Avoidance
- Transfer
Treating the Risk: Avoidance -- Answer ✔✔ for a sports venue, means that a specific
activity should not be started, or the activity should be discontinued if it is presently
being offered
When Risk should be avoided -- Answer ✔✔ when an act could cause a catastrophic or
critical loss with medium or high frequency
When risk avoidance should be implemented -- Answer ✔✔ as a last resort when the
danger is substantial, and the frequency of injury is significant
Treating Risk: Transfer -- Answer ✔✔ - Shifting of the financial responsibility for an
injury or loss from the facility manager/ owner to a third party
Insurance as a transfer of risk -- Answer ✔✔ transfer of financial risk from an individual
to an outside organization
- most well-known and popular type of transfer
When does risk transfer occur -- Answer ✔✔ almost every instance except:
catastrophic/critical loss with medium/high frequency or low loss and medium/seldom
frequency
