HCROWD LESSON 1

Question 1

is something foreseeable in every kind of business
even in the tourism and hospitality world. it is a situation that exposes someone or something to
danger harm or loss. It can be physical safety matter, a risk of property loss, a financial business risk,
and more

Answer 1

RISK

Question 2

The possibility of loss and the possibility of gain.

Answer 2

Speculative Risk

Question 3

The possibility of loss and NO possibility of gain.

Answer 3

Absolute Risk

Question 4

anything that can cause
harm (e.g. a chemical,
electricity, ladders, etc.)

Answer 4

HAZARD

Question 5

How great the
chance that
someone will be
harmed by the
hazard

Answer 5

RISK

Question 6

Uncertainty can hit different groups in different ways. TRUE OR FALSE

Answer 6

TRUE

Question 7

The success of Public-Private Partnerships is being measured by avoiding project failure or minimizing their consequences. TRUE OR FALSE

Answer 7

TRUE

Question 8

is the potential that a bank borrower or counterparty will fail to meet its obligations
following agreed terms.

Answer 8

Credit Risk

Question 9

is a critical component of a
comprehensive approach to risk management and essential to the long-term
success of any banking organization.

Answer 9

effective management of credit risk

Question 10

Accidents are preventive while risks are reactive. TRIE OR FALSE

Answer 10

FALSE

Question 11

Earthquakes
o Volcanic Eruption
o Flood
o Landslides
o Erosion
o Fire
o Storm
o Typhoon
Accidents

Answer 11

Accidents due to fortuitous events or acts of God

Question 12

Air
o Water
o Land

Answer 12

Transportation Accidents

Question 13

Pool Accident
o Animal Bites or Attacks
o Drowning
o Electrocution

Answer 13

Accidents due to Activities

Question 14

Earthquakes
* Volcanic Eruptions
* Tsunamis

Answer 14

Caused by movements of the earth

Question 15

Hurricanes
* Tornadoes
* El Niño
* La Niña
* Extreme Heat
* Freezing Water

Answer 15

Disasters related to weather

Question 16

perceive hotels, restaurants, and tourist resorts as significant
targets for attack.

Answer 16

Terrorist groups

Question 17

Two types of Events in Risk Management

Answer 17

• Negative events or risks
• Positive events or opportunities

Question 18

Is the purposeful recognition of and reaction to uncertainties
with the explicit objective to minimize liabilities and maximize opportunities
using a structure approach and common sense, rather than avoiding the issue

Answer 18

Risk Management

Question 19

What are at risk? PEOPLE

Answer 19

Bodily injury or death

Question 20

What are at risk? PROPERTY

Answer 20

Property loss or damage

Question 21

What are at risk? FINANCES

Answer 21

Reduced revenue

Question 22

What are at risk? SYSTEMS

Answer 22

Reduced capacity or capability

Question 23

What are at risk? ENVIRONMENT

Answer 23

Resource availability

Question 24

What are at risk? IMAGE

Answer 24

Increased demand
Loss of goodwill or reputation

Question 25

The following are some of the common injuries in the Hospitality Industry

Answer 25

Slip-and-fall injuries;
* Musculoskeletal injuries;
* Skin reactions
* Respiratory illnesses
* Security-related accidents
* Food poisoning
* Elevator and escalator accidents