Module 4 Scenario Discussion Insurance

Situation 2: The Acme Warehouse Company received a consignment of 20ft lengths of 3in diameter stainless steel pipes. Acme had never handled pipe as part of their warehousing operation. The forklift truck operator assigned to this job used the truck's forks as a ram to load, handle, and unload the pipe. Inspection of the pipe by the owners revealed that the forks were bending and damaging the pipe.  Question/s: Suggest several alternative methods for eliminating the problem of pipe damage. From a cost and ease in application standpoint, select one alternative solution for adoption.

Classify the following risks into variation, foreseen uncertainty, unforeseen uncertainty, and chaos:c. Bad weather on the weekend causes an increase in demand for umbrellas.

Problem-3: White & Becker Tools (W&B) requires 2,000 electric motors next month for its product line of weed trimmers. Each motor is composed of three components: a coil, a shaft, and housing. W&B has the capability to produce these components or purchase them from an outside vendor. The costs of producing them and purchasing them are shown in the following table. COMPONENT Coil Shaft Housing PRODUCTION COST PER UNIT Fabrication 0.5 0.4 Molding Inspection 0.2 $2.60 $1.80 $1.40 The components that are produced by W&B must pass through three departments: fabrication, molding, and inspection. The number of hours each component requires in each department and the total number of hours available next month in each department are shown in the following table: 0.2 0.7 PURCHASE COST PER UNIT DEPART- COIL SHAFT HOUSING AVAILABILITY MENT (HR.) (HR.) (HR.) (HR.) $3.12 $2.16 $1.68 0.6 0.3 0.4 3,000 3,000 1,800 In order to determine the number of components that will be produced and the number that…

Question: What should have been done by the government to address this problem?

Business case, Sustainable Products E-commerce Store(package free shop): As more people become environmentally conscious, there is a growing demand for sustainable products(sustainable pet products, clean beauty products, green technology, zero waste products, sustainable clothings and eco friendly home goods). An e-commerce store that specializes in eco-friendly products can be a profitable business idea. 1) Prepare at least 3 risks 2) Prepare Risk Response and mitigation plan 3)Dependencies: Define at least 3 dependency between tasks

Number 2. 3. 4. Question or Statement Commercial or civil disputes with a value less than 100 million L.L. are ma presented at A) The single judge in the first instance court B) The Court of Appeal C) The Supreme Court D) The Chamber in the first instance court What are the 3 distinct functional bodies of the state? A) The police, the executive and the judiciary B) The armed forces, the executive and the judiciary C) The civil Service, the executive and the judiciary D) The legislative, the executive and the judiciary Every law must be published in A) A magazine B) Local newspaper C) Official gazette D) The social media If a law contradicts with the rules of an international treaty; Which one is r powerful and should be applied? A) The law B) The international treaty C) It does not matter because both have equal power D) None is applied

2. Beech Company made the following expenditures relating to Product FG. Legal cost to file a patent on Product FG. Production of the finished product would not have been undertaken without the 25,000 patent. Special equipment to be used for development of Product FG. The equipment has an estimated useful life of four years. Labor and material costs incurred in producing a prototype model Cost of testing the prototype Trouble shooting breakdown during production. Cost of routine on-going effort to refine, enrich or improve quality 200,000 750,000 78,000 38,000 86,000 of Product FG. Required: a) What is the total cost that should recorded as research and development cost? b) What is the total cost that should be part of Intangible assets? c) What is the total cost that should be part of operating expense?

Question 48 When assessing the risk associated with an activity, an IA should a. Determine how the risk should best be managed b. Update the risk management process based on risk exposures c. Provide assurance on the management of the risk d. Design controls to mitigate the identified risks     Question 49 Which of the following is the most accurate term for a process to identify, assess, manage, and control potential events or situations to provide reasonable assurance regarding the achievement of the organization’s objectives? Consulting service Control process The internal audit activity Risk management     Question 50 Which of the following goals sets risk management strategies at the optimum level Maximize market share Minimize losses Maximize shareholder value Minimize costs

Fry Group Foods confirms temporary closure after employee tests positive for Covid-19 By Staff Writer Apr 16, 2020 Durban - The Fry Group Foods has confirmed that their Westmead premises have been temporarily closed after a manager tested positive for Covid-19. In a statement, the group's Caroline Garnett, said after receiving the news of the manager's positive status, they have asked all employees in direct contact with the manager, to self quarantine for 14 days. "Our entire facility has been disinfected by a contracted cleaning company and all employees have been screened by the Department of Health. Some staff were tested where deemed necessary," she said. Garnett said the facility has been temporarily closed at this stage. "This is while we revisit our Covid-19 risk assessment and to ensure that we have adequately addressed all associated risks," she said. Meanwhile, Tiger Brands has moved to quickly allay fears that there was no risk to coronavirus contamination of food after 12…

Fry Group Foods confirms temporary closure after employee tests positive for Covid-19 By Staff Writer Apr 16, 2020 Durban - The Fry Group Foods has confirmed that their Westmead premises have been temporarily closed after a manager tested positive for Covid-19. In a statement, the group's Caroline Garnett, said after receiving the news of the manager's positive status, they have asked all employees in direct contact with the manager, to self quarantine for 14 days. "Our entire facility has been disinfected by a contracted cleaning company and all employees have been screened by the Department of Health. Some staff were tested where deemed necessary," she said. Garnett said the facility has been temporarily closed at this stage. "This is while we revisit our Covid-19 risk assessment and to ensure that we have adequately addressed all associated risks," she said. Meanwhile, Tiger Brands has moved to quickly allay fears that there was no risk to coronavirus contamination of food after 12…

Fry Group Foods confirms temporary closure after employee tests positive for Covid-19 By Staff Writer Apr 16, 2020 Durban - The Fry Group Foods has confirmed that their Westmead premises have been temporarily closed after a manager tested positive for Covid-19. In a statement, the group's Caroline Garnett, said after receiving the news of the manager's positive status, they have asked all employees in direct contact with the manager, to self quarantine for 14 days. "Our entire facility has been disinfected by a contracted cleaning company and all employees have been screened by the Department of Health. Some staff were tested where deemed necessary," she said. Garnett said the facility has been temporarily closed at this stage. "This is while we revisit our Covid-19 risk assessment and to ensure that we have adequately addressed all associated risks," she said. Meanwhile, Tiger Brands has moved to quickly allay fears that there was no risk to coronavirus contamination of food after 12…

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Question #30 of 85   Question ID: 1251796 Debbie owns 100% of the common stock (3,750 shares, valued at $2,517,000) of Great West Linens Inc. Her daughters are full-time employees of the business. The business has a 10% average annual growth rate. Debbie has the following goals for the future: To further involve her daughters in the business To maintain control of the business to prevent its sale or liquidation during her lifetime To freeze the value of the business in her gross estate To receive sufficient income to maintain her current standard of living both currently and in retirement Which one of the following is the most appropriate form of business transfer for Debbie?     A) A preferred stock recapitalization in which Debbie receives a majority of the shares with voting rights, a fixed liquidation value, and qualified income payments, and transfers other shares to her daughters     B) A private annuity transaction with her daughters transferring all of her shares in…

Question 3 A frequency distribution is given below: Class A B с D Frequency 7 9 9 Calculate the probability of class C occurring using the Relative Frequency method. Express your answer as an decimal rounded to two (2) decimal places.

Description of measures implemented/Please provide specific information per each contract (for PV plant) related to the following aspects: emergency response, site security, safety, construction facilities and temporary Services, hazardous materials, archaeological discoveries/chance finds, conduct of employees, human rights, forced labour, resettlement action plans, and any other relevant Environment ,Social ,Health and Safety  aspect related with the contract (for PV plant) and measures implemented

Problem no. 2 Suppose that a table lamp fails to light when turned on. Prepare a simple cause-and-effect diagram to analyze possible causes. Explain your best reason what could have the cause of the problem? College students trying to register for a course sometimes find that the course has been closed, or the section they want has been closed. Prepare a cause-and-effect diagram for this problem. Explain your best reason what could have the cause of the problem?

Problem 6-6 (Algo) Lazer Technologies Incorporated (LTI) has produced a total of 20 high-power laser systems that could be used to destroy any approaching enemy missiles or aircraft. The 20 units have been produced, funded in part as private research within the research and development arm of LTI, but the bulk of the funding came from a contract with the U.S. Department of Defense (DoD). Testing of the laser units has shown that they are effective defense weapons, and if redesigned to add portability and easier field maintenance, the units could be truck-mounted. The DoD has asked LTI to submit a bid for 100 units. The 20 units that LTI has built so far cost the following amounts and are listed in the order in which they were produced: Use Exhibit 6.4 and Exhibit 6.5. UNIT COST ($ UNIT COST ($ NUMBERMILLIONS) NUMBERMILLIONS) 1 2 3 4 5 6 7 8 9 10 $12.0 9.4 8.4 7.5 7.1 6.7 6.4 6.2 11 12 13 14 15 16 17 18 5.9 19 5.7 20 Learning rate a. Based on past experience, what is the learning rate?…

Part b

Decision Under Uncertainty The digital television service company TV-más is facing a significant problem of customer loss in recent months, in particular, customers of the Home plan, which consists of an annual subscription whose value is $200 and that allows you to watch more than 40 high definition television channels. The company has prepared a list of clients who have decided that once the subscription has ended, they will not contract the service again, since, among several reasons , they maintain that the company does not treat its clients well. Considering customer opinions, the company has thought of a plan so that customers who have decided not to renew can reverse their decision and subscribe to the service for one more year. The plan consists of giving a gift to customers who have decided not to renew in order to show concern for them. The gift consists of a set of kitchen pots, with the company logo, which costs the company $50. According to information from a pilot plan…

Discussion: IT risk control measures.

Q The manager of a fast food restaurant featuring hamburgers is adding salads to the menu. For each of the two new options, the price to the customer will be the same. The MAKE option is to install a salad bar stocked with vegetables, fruits and toppings and let the customer assemble the salad. The salad bar would have to be leased and a part-time employee hired. The manager estimates the fixed cost at $12000 and variable costs totalling $1.5 per salad. The BUY option is to have pre-assembled salads available for sale. They would be purchased from a local supplier at $2 per salad. However, offering pre-assembled salads would require installation and operation of additional refrigeration, with fixed annual cost of $2400.  What is the rational decision if A) the manager expects to sell 25000 salads per year and B) the manager expects to sell 18000 salads

Pls help ASAP on this question (83)

1. Construct a risk analysis that examines the various forms of risk (technical, commercial, financial etc) related to the creation of this office building   2.Explain how the analysis would change if office space were in high demand

I.      ISACA Definition and Function    Treadstone Company has an internal audit department consisting of a director and four (4) staff auditors. The director of internal audit, Mark Tan, reports to the corporate controller, who receives copies of all internal audit reports. Also, copies of all internal audit reports are sent to the audit committee of the board of directors and the individual responsible for the area of activity being audited.   In the past, the company’s external auditors have relied on the work of the internal audit department to a substantial degree. However, in recent months, Mark has become concerned that some standards in the performance of the internal audit function are being affected by the non-audit work being performed by the department. The possible failure to meet such standards could result in more extensive testing and analysis by the external auditors. The percentage of non-audit work performed by the internal auditors has steadily increased to about…

COSO ERM 2017 risk management system for evaluating an organization's prospective and real threats and opportunities.