10 Questions
According to UNWTO, what is the definition of risk?
A situation that exposes someone or something to danger or loss
What does risk management apply to?
Safety, security, and sanitation
How does the business dictionary define risk?
The probability of threat of damage, injury, liability, or any other adverse occurrence
In the context of economics, what does risk imply?
Future uncertainty about deviation from expected earnings or expected outcome
When does risk attach to a person engaging in the business of tourism and hospitality?
From the moment a person engages in the business
What are the different types of risks that can be associated with the business of tourism and hospitality?
Physical safety matters, risk of property loss, and financial business risks.
How does UNWTO define risk?
A situation that exposes someone or something to danger or loss.
According to the business dictionary, how is risk defined?
The probability of threat of damage, injury, liability, or any other adverse occurrence that is caused by external or internal vulnerabilities, and that may be avoided through preemptive action.
In the context of economics, what does risk measure?
The uncertainty that an investor is willing to take to real.
What is the definition of risk management?
The process of identifying, assessing, and prioritizing risks, and taking measures to minimize, monitor, and control the impact of those risks.
Test your knowledge on risk management concepts and principles as they apply to safety, security, and sanitation in the tourism and hospitality industry. Learn about the different types of risks and how they can impact physical safety, property, and financial aspects of a business.
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