Koofers

Working...

TESTBANK•PROF RATINGS•GPA HISTORIES•FLASHCARDS•SCHEDULES•TEXTBOOKS•DEALS

Universities » Seton Hall University (SHU) » BSPM - Sport Management » 4330 - Sport Law » Flash Cards

Chapter 2 Flashcards - Flashcards

Flashcard Deck Information

Class:	BSPM 4330 - Sport Law
Subject:	Sport Management
University:	Seton Hall University
Term:	Spring 2010

- of -

« Previous card

Next card »

INCORRECT

CORRECT

Click Card to flip

Risk Management

the function or process by which an organization identifies and manages the risks of liability that rise from its activities. The traditional view is related to personal injury or property damage

Click Card to flip

Preventive Law

looking at all the risks that could effect an institutions financial health. Includes environmental, political, economic, regulatory, institutional and cultural risks

Click Card to flip

The Preventive Law Process

Five steps
Risk identification
Assessment of risks
Risk Evaluation
Preventive Law plan designed
Preventive law plan implemented

Click Card to flip

Risk Identification

AKA "The Legal Audit", an exploration of the legal landscape
Should be Holistic--encompassing everything

Click Card to flip

Risk Assessment

Determining the probability that particular risks will result in claims during a specified period and the magnitude of the potential liability arising from such claims. Look at history of prior claims and types of litigation against similar companies

Click Card to flip

Risk Evaluation

Once assessment is complete, evaluate the risks in conjunction with the mission of your organization and the importance of certain activities to your organization.

Click Card to flip

Four Strategies to Cope With Risks

Risk Elimination--only if exposure to risk outweighs benefits.
Risk Retention--bear the financial consequences of an activity
Risk Transfer--shifts the possible financial loss to another party
Risk Control--key aspect of a plan, since it involves the actual reduction of risk, not just methods to deal with the financial consequences.

Click Card to flip

Implementing the Plan

Develop Effective Policies and Procedures
Draft Contracts that protect your interests
Design effective training programs
Develop evaluation procedures

- INCORRECT - CORRECT - SKIPPED

Shuffle Remaining Cards Show Definitions First Take Quiz (NEW)

Hide Keyboard shortcuts

Next card

Previous card

Mark correct

Mark incorrect

Flip card

Start Over

Shuffle

Mode: CARDS LIST ? pages

PRINT EXIT

Risk Management	the function or process by which an organization identifies and manages the risks of liability that rise from its activities. The traditional view is related to personal injury or property damage
Preventive Law	looking at all the risks that could effect an institutions financial health. Includes environmental, political, economic, regulatory, institutional and cultural risks
The Preventive Law Process	Five steps Risk identification Assessment of risks Risk Evaluation Preventive Law plan designed Preventive law plan implemented
Risk Identification	AKA "The Legal Audit", an exploration of the legal landscape Should be Holistic--encompassing everything

Generated by

Koofers.com

Risk Assessment	Determining the probability that particular risks will result in claims during a specified period and the magnitude of the potential liability arising from such claims. Look at history of prior claims and types of litigation against similar companies
Risk Evaluation	Once assessment is complete, evaluate the risks in conjunction with the mission of your organization and the importance of certain activities to your organization.
Four Strategies to Cope With Risks	Risk Elimination--only if exposure to risk outweighs benefits. Risk Retention--bear the financial consequences of an activity Risk Transfer--shifts the possible financial loss to another party Risk Control--key aspect of a plan, since it involves the actual reduction of risk, not just methods to deal with the financial consequences.
Implementing the Plan	Develop Effective Policies and Procedures Draft Contracts that protect your interests Design effective training programs Develop evaluation procedures

Generated by

Koofers.com

List View: Terms & Definitions

Hide All 8 Print

	Front	Back
	Risk Management	the function or process by which an organization identifies and manages the risks of liability that rise from its activities. The traditional view is related to personal injury or property damage
	Preventive Law	looking at all the risks that could effect an institutions financial health. Includes environmental, political, economic, regulatory, institutional and cultural risks
	The Preventive Law Process	Five steps Risk identification Assessment of risks Risk Evaluation Preventive Law plan designed Preventive law plan implemented
	Risk Identification	AKA "The Legal Audit", an exploration of the legal landscape Should be Holistic--encompassing everything
	Risk Assessment	Determining the probability that particular risks will result in claims during a specified period and the magnitude of the potential liability arising from such claims. Look at history of prior claims and types of litigation against similar companies
	Risk Evaluation	Once assessment is complete, evaluate the risks in conjunction with the mission of your organization and the importance of certain activities to your organization.
	Four Strategies to Cope With Risks	Risk Elimination--only if exposure to risk outweighs benefits. Risk Retention--bear the financial consequences of an activity Risk Transfer--shifts the possible financial loss to another party Risk Control--key aspect of a plan, since it involves the actual reduction of risk, not just methods to deal with the financial consequences.
	Implementing the Plan	Develop Effective Policies and Procedures Draft Contracts that protect your interests Design effective training programs Develop evaluation procedures

The information provided on this site is protected by U.S. and International copyright law, and other applicable intellectual property laws, including laws covering data access and data compilations. This information is provided exclusively for the personal and academic use of students, instructors and other university personnel. Use of this information for any commercial purpose, or by any commercial entity, is expressly prohibited. This information may not, under any circumstances, be copied, modified, reused, or incorporated into any derivative works or compilations, without the prior written approval of Koofers, Inc.