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Risk Management Alpha Phi Alpha IMDP Study Guide Test Questions with Definitive Solutions Update 2024-2025
Typology: Exams
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(True or False) The final responsibility for the success of the management of risk rests with our FRATERNITY, its CHAPTERS and the MEMBERS. - Answer: True What is the first line of defense in liability matters? - Answer: Risk Aversion
What is the second line of defense in liability matters? - Answer: Loss Prevention What is the third line of defense in liability matters? - Answer: Loss Control What is the final line of defense in liability matters? - Answer: Insurance (True or False) Whenever hosting an event, a Chapter, District or Region, must ensure that the event has insurance coverage. - Answer: True (True or False) Chapters, Districts or Regions, can be held liable for alcohol related accidents as well as any property damage that occurred during the event by non-members. - Answer: True How does a chapter qualify for Insurance Coverage? - Answer: 1. Be in Good Standing
What are the requirements for a third party transportation vendor? - Answer: 1. Need to provide Commercial Auto Insurance coverage for transporting people and properly for a fee
(True or False) If the event has 300+ attendees is Security and emergency evacuation plans be reviewed before signing contracts with venues. - Answer: True Who are the people that sign the Special Events Checklist? - Answer: President, Event Chair, and Alpha Advisor For the Athletic Event Participation Form, do all participants need to signed the form? - Answer: Yes, All participants do need to sign the form When does the Incident Claim Reporting Form need to be submitted by? - Answer: Needs to be submitted immediately after the incident occurs (True or False) The Abuse of the consumption of alcoholic beverages during an fraternity event is approved by all fraternity members - Answer: False If alcohol is being served at a Fraternity function, does food and non- alcoholic beverage need to be served? - Answer: Yes, if alcohol is
What are the consequences if the Alcohol and Drug Policy is violated? - Answer: May include expulsion of members, de-chartering of the chapter and possible civil charges filed by the fraternity. How often is Substance Abuse Training given? - Answer: Yearly What are the responsibilities of the Corporate Office? - Answer: 1. Keep Up-to-Date records of Chapters and Brothers