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Risk Management in Resort Industries

Risk Management in Resort Industries

Assessment

Flashcard

Business

KG

Practice Problem

Hard

Created by

Harie Izam

FREE Resource

Student preview

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19 questions

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1.

FLASHCARD QUESTION

Front

What is the crucial role of risk management in resort management?

Back

It is essential for protecting guests from harm and ensuring the sustainability and competitiveness of tourism organizations.

2.

FLASHCARD QUESTION

Front

What does 'duty of care' refer to in resort management?

Back

The obligation of management to protect guests from harm to the best of their ability.

3.

FLASHCARD QUESTION

Front

What are the general risks associated with resort management?

Back

No event or business decision is risk-free; a risk management framework is needed to address statistical probabilities and consequences.

4.

FLASHCARD QUESTION

Front

What framework did Tarlow (2006) suggest for risk management?

Back

A framework that considers the probability of an event and its likely consequences.

5.

FLASHCARD QUESTION

Front

What are the consequences of food poisoning in a resort context?

Back

It indicates a failure of duty of care, can ruin guest visits, and may lead to temporary bad publicity and financial compensation.

6.

FLASHCARD QUESTION

Front

How are accidents categorized in resort management?

Back

As personal injuries, with a high probability of occurrence in adventure tourism or dangerous locations.

7.

FLASHCARD QUESTION

Front

What is the expected responsibility of resorts regarding risky activities?

Back

Resorts must minimize risk by preparing the site, instructing guests, and providing warnings.

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