What is personal level of risk tolerance

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Reference no: EM132812333

1. What is your personal level of risk tolerance? Is it low or high? How does this change when you have responsibility for others?

2. Think of a time when you have had a duty to care for someone. What was the relationship?

3. Think of a tourism company you are familiar with. Develop a thorough list of all of the risks applicable to the company. Which ones concern you the most? How would you figure out which risks are of most concern?

4. What are three items that should be included in a waiver for it to be effective?

5. Name three types of insurance relevant to tourism operators.

6. Name the four elements of a negligence action that have to be proved in the courts in order for a claim of negligence to be successful.

7. Under contract law, what does the concept of capacity mean? How does it relate to the issue of minors and their ability to sign a waiver?

8. List and describe four BC statutes that apply to tourism and hospitality operations.

9. List five steps that you would recommend tourism operators take to protect themselves from legal action.

10. Imagine you are working at the front desk of a hotel and you get a complaint that fighting and loud singing can be heard coming from a guest's room. According to the Hotel Keeper's Act, what steps are you required to take? What is the penalty to the hotel if you do not take the proper steps?

11. Imagine a ski resort. give Risk Assessment Matrix (probability vs Impact) for different risks and plot them on a graph

Reference no: EM132812333

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