SE Ch 3 SPorts & Entertainment Marketing Means Business

SE Ch 3 SPorts & Entertainment Marketing Means Business

40 Qs

quiz-placeholder

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SE Ch 3 SPorts & Entertainment Marketing Means Business

SE Ch 3 SPorts & Entertainment Marketing Means Business

Assessment

Quiz

others

Medium

Created by

Katie Alexander

Used 7+ times

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best defines a comprehensive approach to business risk management?
Avoiding all potential risks
Identifying, assessing, and strategically mitigating potential threats
Purchasing extensive insurance coverage
Eliminating all business uncertainties

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the context of sports and entertainment businesses, which type of risk involves potential financial losses due to market changes?
Operational risk
Strategic risk
Market risk
Compliance risk

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of creating a risk assessment in a sports or entertainment business?
To eliminate all possible risks
To identify potential threats and develop mitigation strategies
To increase insurance premiums
To discourage business innovation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which risk management technique involves transferring potential financial losses to an insurance company?
Risk avoidance
Risk reduction
Risk transfer
Risk retention

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of an operational risk in a sports venue?
Equipment failure during a live event
Changes in entertainment market trends
Potential legal regulatory changes
Shifts in consumer preferences

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which risk management strategy involves completely avoiding a potentially risky business activity?
Risk mitigation
Risk transfer
Risk avoidance
Risk acceptance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key component of developing an effective contingency plan?
Ignoring potential risks
Identifying multiple potential scenarios
Minimizing business insurance
Reducing business complexity

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