Answer:
adverse event, incident
Explanation:
contingency planning is referred to as the planning for unexpected events. The main focus behind inducing Contingency planning is to restore the normal position without disrupting business operations.
An incident response plan is induced to take action against the incident while the Disaster recovery plan is used to restored business operation after incident occurred.
This seems like a rather subjective question. Wealth is built over a lifetime with income. Inheritance is definitely one way to become wealthy, so I would say <u><em>True </em></u>
Answer:
$45,000
Explanation:
In this case the market value is $200,000 but the policy limit is only $120,000, with a coinsurance of 80%.
Since the amount of loss = $60,000, the insurance company will pay:
(stop limit / value) x loss = ($120,000 / $160,000*) x $60,000 = 0.75 x $60,000 = $45,000
*the $160,000 value is determined by multiplying the fair market value of the property times the coinsurance = $200,000 x 80% = $160,000
Answer:
Uncertainty-based risk
Explanation:
The restaurant was temporarily closed because of fire, which is an uncertainty.
Answer:
Answer is (A) $5,173
Explanation:
In calculating the net present value of an investment we discount the future cash flows by multiplying the future cashflows by the discounting factors attached to each year the cashflows will arise.
See Attachment for calculation done.
