CCEP Risk Management & Compliance

Question 1

What is the main goal of risk management in event planning?

Accepted Answer

To identify, assess, and mitigate risks to ensure event success

Answer

To minimize the event's budget.

Answer

To increase the event's marketing.

Answer

To reduce event attendance.

Question 2

Why is compliance with regulations important in event planning?

Accepted Answer

To meet legal, safety, and industry standards

Answer

To limit the number of event participants.

Answer

To increase event costs.

Answer

To reduce vendor participation.

Question 3

What is a key strategy for managing financial risks in event planning?

Accepted Answer

Creating a contingency fund to cover unforeseen expenses

Answer

Reducing the event's scale.

Answer

Limiting guest attendance.

Answer

Eliminating venue deposits.