Klassic Karate
Being a black belt in two different martial arts, Kirk Karwan has opened his martial arts school, "Klassic Karate" to teach karate to young children and adults. Kirk has hired six other black belts to help him teach the 300 plus children and adults who have signed up at the school. When asked by some parents about the type of insurance the school carries and how he manages the different risks, Kirk was stunned. Not only had he not bought the insurance but he had not even thought about it or any other types of risks.

-When it comes to the other black belts hired by Kirk,which of these represent a business risk that Kirk needs to manage?

Question

Klassic Karate
Being a black belt in two different martial arts, Kirk Karwan has opened his martial arts school, "Klassic Karate" to teach karate to young children and adults. Kirk has hired six other black belts to help him teach the 300 plus children and adults who have signed up at the school. When asked by some parents about the type of insurance the school carries and how he manages the different risks, Kirk was stunned. Not only had he not bought the insurance but he had not even thought about it or any other types of risks.

-When it comes to the other black belts hired by Kirk,which of these represent a business risk that Kirk needs to manage?

Quizplus · Accepted Answer

Violation of government regulations represents a business risk as it can potentially lead to legal action, penalties, and damage to reputation. Kirk needs to ensure that all the black belts he hires comply with the relevant regulations to minimize this risk. The other options mentioned may be important considerations for Kirk but do not necessarily represent a significant business risk that needs specific management.

Klassic Karate Being a Black Belt in Two Different Martial Arts, Kirk