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SPMA 3P95 Exam 2/3 Set Questions And
Answers 100% Pass
What did Southall say (2008)? - ANS -By the nature of sport promotions there are issues of
risk
-Sport Managers must manage risk by controlling/eliminating physical risk to consumers and
financial/legal risk for sponsor
Three steps of Risk Management (Southall) - ANS 1. Risk Assessment
2. Risk Communication
3. Risk Treatment
(Acronym ACT)
Professor Hyatt talked about 3 events for risk management what were they? - ANS -Chiwawa
team had race of weiner dogs
-DTE home appliance race to middle of field
-Gorilla 50 feet in air on roof
What is Risk Assessmemnt? - ANS -Figuring out problems.
, ©EVERLY 2025 ALL RIGHTS RESERVED
-What can go wrong?
-Likelihood something goes wrong
-Consequences if goes wrong
What is Risk Communication? - ANS -Consult stakeholders to see if worth it after assessment
What is Risk Treatment? - ANS Decisions made to avoid risk
Four methods to risk treatment (Southall) - ANS 1. Risk Reduction
2. Risk Avoidance
3. Risk Transference
4. Risk Retention
Acronym RATR
Sport Promotion Insurance - ANS Insurance for when big prizes can be won
-Example used was hole in one insurance. How likely it happens impacts cost
Waiver - ANS Voluntary relinquishment of legal right
Independant Contractor Agreement - ANS Liable if caused harm
-What degree of control over contractor
-Involve specialized skills
-Provide own tools
SPMA 3P95 Exam 2/3 Set Questions And
Answers 100% Pass
What did Southall say (2008)? - ANS -By the nature of sport promotions there are issues of
risk
-Sport Managers must manage risk by controlling/eliminating physical risk to consumers and
financial/legal risk for sponsor
Three steps of Risk Management (Southall) - ANS 1. Risk Assessment
2. Risk Communication
3. Risk Treatment
(Acronym ACT)
Professor Hyatt talked about 3 events for risk management what were they? - ANS -Chiwawa
team had race of weiner dogs
-DTE home appliance race to middle of field
-Gorilla 50 feet in air on roof
What is Risk Assessmemnt? - ANS -Figuring out problems.
, ©EVERLY 2025 ALL RIGHTS RESERVED
-What can go wrong?
-Likelihood something goes wrong
-Consequences if goes wrong
What is Risk Communication? - ANS -Consult stakeholders to see if worth it after assessment
What is Risk Treatment? - ANS Decisions made to avoid risk
Four methods to risk treatment (Southall) - ANS 1. Risk Reduction
2. Risk Avoidance
3. Risk Transference
4. Risk Retention
Acronym RATR
Sport Promotion Insurance - ANS Insurance for when big prizes can be won
-Example used was hole in one insurance. How likely it happens impacts cost
Waiver - ANS Voluntary relinquishment of legal right
Independant Contractor Agreement - ANS Liable if caused harm
-What degree of control over contractor
-Involve specialized skills
-Provide own tools
