5. Knowledge Check — Risk Management

13. What is a Safety Data Sheet (SDS)?

A document that describes the health and physical hazards associated with a particular chemical or material

4. What is the most common risk management strategy?

Finance the risk

15. Why is it important for managers to be informed of the OSHA regulations and perform regular inspections to ensure compliance?

To comply with regulations when an OSHA inspection is performed and help you avoid any fines or possible injury claims

8. What must all public pools and spas have?

Anti-entrapment devices

12. The maintenance technician was using hazardous chemicals during his shift. What should he do at the end of his shift?

Empty and clean the container

14. What are the written requirements for the PPE standard?

The standard does not require a written program, but does require a written assessment and documentation of exposures

18. What is the purpose of an emergency drill?

To ensure that all aspects of the evacuation can be fully executed

16. What is the goal of emergency planning?

To minimize impact to residents, staff and business operations

9. When/how can you communicate to residents about their safety?

•During the lease signing meeting •With notice letters when serious incidents occur •During resident meetings •In the community newsletter

10. List two federal environmental governing agencies.

•Environmental Protection Agency (EPA) •Occupational Safety & Health Administration (OSHA) Administration (OSHA)

3. List threetypes of financial risk.

•Fraud •Theft •Embezzlement

11. What are the six areas of focus for OSHA that employers are required to comply with?

•Hazard Communication Standard •Lockout/TagoutStandard •BloodbornePathogens •Personal Protective Equipment (PPE) •Electrical Safety-Related Work-Practice •OSHA Record Keeping

2. What areas should a risk management process address?

•Identify potential risks in operations •Analyze the frequency and severity of past/ potential losses •Eliminate or reduce risks •Build financial protection to cover non-eliminated risks •Create risk management policiesand procedures

5. When minimizing financial risk, what are threeareas to consider?

•Income, Fees, and Cash •Physical Property •Records and Screening

17. What are the three major impacted entities in an emergency?

•People •Property •Business

19. What are the components of an emergency plan?

•Prevention •Detection •Communication •Evacuation •Containment/Mitigation •Recovery •Public Relations

1. What are the three property assets to protect through risk management?

•Property •People •Community Goodwill

6. What are the threehighest liability areas?

•Property Hazards •Environmental Hazards •Crime Deterrence

7. What are your responsibilities to provide habitability?

•Repair and maintenance to reduce safety hazards •Maintaining required housing habitability