party
Part 2. Explain how these Pure losings are controlled and financed.
ASSIGNMENT 1 ( PARAGRAPH 1 )
INTRODUCTION
The cursory News Ltd. (hereafter called the company) is a newspaper company that began its trading operations in Jamaica in 1962.
It is one of the leading newspaper companies in Jamaica, which provide news on:
> Finance
> Sports
> Real Estate
> Entertainment
> Government and Politics
> Travel
>Current Affairs
The company also produces ink cartridges which it (i) uses for its own purposes and (ii) supply to other printing companies.
The company faces both speculative adventure and pure risk.
Pure Risk exists where there is a possibility of passing play however no gain.
Speculative Risk exists where there is a chance of gain or harm.
The purpose of this presentation is to identify and beg off the pure loss picture shows of the company and examines how the companys risk management policy deals with these pure loss exposures.
PART A
elegant LOSS EXPOSURE
The companys pure loss exposure will be considered under the chase headings:
> asset exposure
> power exposure
>Liability exposure
>Consequential loss exposure
Asset Exposure:
The company is exposed to pure loss from the following assets:
?Office furniture and equipment
?Electronic data processing equipment:
.Printers
.Personal Computers
.Main put up Computers
?Property
.Destruction
.Damage
.Theft
.Loss
.Contamination
.Liability to third parties to whom the firm is legally responsible
?Motor Vehicle
?Stationary
This refers to the physical loss of assets, which could be caused by damage, pilferage, theft, fire etc. Physical loss or damage to assets of the company may result in additional cost of repair, replacement or disruption to operations
Personnel Exposure
Personnel loss exposure is the possibility of a financial loss to the...If you want to get a full essay, swan it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment