RISK MANAGEMENT UNIT 1 Lesson 1

Question 1

represents the potential for loss or harm. It is an event that adversely affects normal situations
within a given period leading to unwanted
consequences.

Answer 1

Risk

Question 2

As more hospitality and travel companies use digital systems to automate tasks and
manage their data, they need to be aware of the potential risks.

Answer 2

Cybersecurity.

Question 3

three theoretical concepts of risk?

Answer 3

1) The real risk
2) Perceived risk
3) Inherent risk

Question 4

is the actual statistical likelihood of the occurrence of an
accident. It is the actual risk of the practice, activity, or event. It is proven through
statistical analyses and other relevant data, an empirical process, and the use of field expertise.

Answer 4

The real risk

Question 5

is the perception by an individual of the uncertainty and negative consequences arising during the practice, activity, or event. Becoming exposed to threats and dangers is a cognitive probability.

Answer 5

Perceived risk

Question 6

is the risk that must exist for the activity to take place. It is a risk that is integral to the activity and that cannot be removed.

Answer 6

Inherent risk

Question 7

What are the 5 types of risk?

Answer 7

1. Food Safety Risk
2. Occupational Health & Safety
3. Security Risk
4. Ergonomic Risks
5. Uncertainty Risks

Question 8

is one of the biggest
risks for hospitality businesses. It might be microbiological,
chemical, or physical. These hazards can be introduced at any stage of the food chain, from producers supplying
ingredient supplies, through food manufacturers,
transportation and storage operators, to retail and food service
outlets.

Answer 8

Food Safety Risk

Question 9

safeguard that the working condition and environment is safe and healthy so that employees can and can do their work effectively. It promotes
the prevention of workplace injury, illness, and disease.
It rehabilitates those injured and provides a timely return to work.

Answer 9

Occupational Health & Safety

Question 10

keeping guests safe is a high priority for the hospitality industry. While balancing the business needs of a safe and welcoming hotel environment, the industry must ensure that its guests and employees are not placed at undue risk.

Answer 10

Security Risk

Question 11

are environmental physical factors that may cause injuries to the musculoskeletal system. These are injuries caused by strain placed on the body, and are not always immediately apparent, making it difficult to detect these hazards.

Answer 11

Ergonomic Risks

Question 12

are environmental risks and man-made risks.

Answer 12

Uncertainty Risks