Risk Management and Legal Compliance Flashcards

Which risk management technique involves transferring financial risk to a third party through insurance or contract provisions?

Answer: Risk transfer

Risk transfer shifts the financial consequences of a loss to another party, typically through insurance policies or contractual indemnification clauses.

A park agency requiring all program participants to sign a waiver is attempting to:

Answer: Transfer assumption of inherent risk to the participant and document informed consent

Waivers and assumption-of-risk documents inform participants of inherent risks and, where enforceable, transfer liability for those risks to the participant.

The standard of care in negligence cases for park agencies is typically defined as:

Answer: What a reasonably prudent park professional would do under similar circumstances

Negligence is determined by whether the defendant acted as a reasonably prudent professional would have under similar circumstances.

In a slip-and-fall case against a park agency, contributory negligence refers to:

Answer: The visitor's own actions that contributed to causing their injury

Contributory or comparative negligence assigns partial fault to the injured party for their own role in causing the incident.

Which federal law prohibits employment discrimination based on race, color, religion, sex, and national origin?

Answer: Title VII of the Civil Rights Act of 1964

Title VII of the Civil Rights Act of 1964 prohibits employment discrimination based on race, color, religion, sex, or national origin.

The Virginia Graeme Baker Pool and Spa Safety Act primarily addresses:

Answer: Entrapment hazards from pool and spa drain covers

The VGB Act requires anti-entrapment drain covers and systems in public pools and spas to prevent suction entrapment injuries and deaths.