Title: Examine the importance of risk assessment and management strategies in the sports, entertainment, and event industries.
Course: Sports, Entertainment, and Event Management > Section: Exploring the Legal Aspects of Sports, Entertainment, and Event Industries

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?