1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Usimov [2.4K]
2 years ago
15

Maria is the risk manager for a large organization and is evaluating whether the organization should purchase a fire suppression

system. She consulted several subject matter experts and determined that there is a 1 percent chance that a fire will occur in a given year. If a fire occurred, it would likely cause $2 million in damage to the facility, which has a $10 million value. If the exposure factor (EF) for a $10 million facility is 20 percent, what is the single loss expectancy (SLE)?
Business
1 answer:
docker41 [41]2 years ago
3 0

The single loss expectancy for the risk management will be $2,000,000 as it is the expected and maximum probable loss that will occur as a result of the peril.

<h3>What is a single loss expectancy?</h3>

In Insurance, a term "single loss expectancy" refers to monetary value that is expected from the occurrence of a risk on the asset insured.

Here, the maximum of $2 million in damage is excepted to occur to the facility if a fire occurs.

In conclusion, the single loss expectancy for the risk management will be $2,000,000 as it is the expected and maximum probable loss that will occur as a result of the peril.

Read more about single loss expectancy

<em>brainly.com/question/6658563</em>

You might be interested in
Blue Ridge Bank has a PM of 12 percent, an interest income to total assets ratio of 6.00 percent, and a noninterest income to as
lakkis [162]

Answer:

8.10 Percent

Explanation:

= 0.12 * (6% + 1.50%) * 9

= 8.10%

5 0
3 years ago
What are the pros and cons of relocating a small or midsized manufacturing firm (that makes mature products) from the united sta
Darya [45]

There are usually more positive than negatives when it comes to moving manufacturing from the United States to China. It's cheaper to pay wages in China for the same type of work that someone in America would expect to be paid. Not only can you pay the workers less, you can then afford to expand and hire more people due to saving the money on American wages. Usually, you can also get products cheaper in China and cut down the cost of your product. However, with cheaper labor and materials comes cheaper quality and the quality dropping may hurt consumers willingness to buy.

5 0
3 years ago
"E3-26A Record manufacturing overhead (Learning Objectives 5 &amp; 6) Refer to the data in Exercise 3-25A. Smith’s accountant fo
Kipish [7]

Explanation:

Journal entries are used by Accountants to post transactions into the respective General Ledger of a business.

It typically shows a debit side which records increase to expenses or Assets, it also could be a reduction to Income or Liabilities (if it is an adjustment Journal). And it also shows a credit side which records an increase to Income or Liability, it could also be a reduction to expense or Asset (if it's an adjustment journal)

4 0
3 years ago
Saira, Inc. has the following income statement (in millions): SAIRA, INC. Income Statement For the Year Ended December 31, 2017,
AysviL [449]

Answer:

60%

Explanation:

To calculate the percentage assigned to cost of goods sold , we should use the formula:

=\frac{Cost Of Goods Sold}{Sales}

= \frac{180}{300}

= 0.60 = 60%

Therefore, the percentage assigned to Cost of goods sold is 60%

5 0
3 years ago
When Rosalyn comes into the office, she speaks to no one, shuts her door, and is rarely seen again until lunch. She supervises a
nika2105 [10]

Answer:

When Rosalyn comes into the office, she speaks to no one, shuts her door, and is rarely seen again until lunch. She supervises a team of 12 people though. Carmelita has a new idea she would like to share with management, but is unsure if she should take it to Rosalyn. How would you describe this upward communication?

Option B: lacking trust

Explanation:

Upward communication is the process of information or communication channel methods flowing from the front-line or lower levels employees of a hierarchy to transfer messages the upper levels, to managers, like Rosalyn, supervisors and directors. This type of communication is becoming more popular in organizations as traditional forms of communication are becoming less popular but these channels may face significant barriers for employees attempting to send feedback or other communication to higher-level management as trust involves knowing that a partner has your best interest at heart and manager as Rosalyn may not be prompting employee´s trust not having an "open door policy" which enables trust among her employees. It is hard to feel safe and secure when you are involved with someone who would betray your trust. Not only is trust important, but a lack of trust, distrust, doubt, doubtfulness, dubiety, dubiousness, incertitude, question, skepticism, suspicion, uncertainty, wonder leeriness, suspicion and lack of conviction or certainty often leads to lying, deception or unwillingness which makes subordinates not to send the information to their superior willingly. Manager who are not open cause fear of inefficiency therefore, the communication system may be disrupted.

Upward communication helps employees to express their requirements, ideas, and feelings. For the top management, upward communication is an important source of information for business decisions. It helps in alerting top management about the requirement of changes in an organisations.

6 0
3 years ago
Other questions:
  • Take Time Corporation will pay a dividend of $4.10 per share next year. The company pledges to increase its dividend by 6 percen
    11·1 answer
  • Mark Ventura has just purchased an annuity to begin payment two years from today. The annuity is for $8,000 per year and is desi
    13·1 answer
  • The journal entry to record the transfer of units from Process 1 to the Process 2 in process costing is:
    14·1 answer
  • Once risks have been identified, how can they be managed?
    10·1 answer
  • When Ronaldo bought his new flat-screen television, he was surprised at the cost differences between some of the models. When he
    6·1 answer
  • Baxton courier services recently equipped all of its employees with electronic tablets in order to track the whereabouts of the
    15·1 answer
  • As a result of technological innovation, automated water pumps are being installed on the farms of Kenyan tomato farmers. As a r
    6·1 answer
  • Which economic system supports government control of major basic industries but allows a high degree of personal and economic fr
    11·1 answer
  • Define nomal goods examples​
    9·1 answer
  • Suppose there is a drastic decrease in excise taxes levied against the suppliers of baseball equipment. What can we expect to se
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!