When a company purchases a flood insurance policy for its data center, the risk management decision it took is: 4) Transference.
Risk management can be defined as a process which involves identifying, evaluating, analyzing and controlling potential risks (threats) that are present in a business, which can serve as an obstacle to its capital, revenues and profits.
Basically, risk management decision typically involves prioritizing cause of action or potential threats, so as to avoid, mitigate or transfer the risk that are likely to arise from such business decisions.
The risks or threats that are faced by a business firm can be transferred to a third-party such as an insurance agency, especially to protect its assets and resources in the event of a natural disaster such as flood, fire, earthquake, etc.
In conclusion, transference is a risk management decision that occurs when a company purchases a flood insurance policy for its data center.
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Answer:
Following are the error in the given program are explain in the explanation part .
Explanation:
The main() function call the function getMileage() function after that the control moves to the getMileage() definition of function. In this firstly declared the "mileage" variable after that it taking the input and module is finished we see that the "mileage" variable is local variable i,e it is declared inside the " Module getMileage() " and we prints in the main module that are not possible to correct these we used two technique.
Technique 1: Declared the mileage variable as the global variable that is accessible anywhere in the program.
Technique 2: We print the value of "mileage" inside the Module getMileage() in the program .