Sarah works in a small local company. She owns a small apartment on the third floor and
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Question:
Unfortunately, she is impatient while preparing a bath, she usually watches TV and sometimes she forgets to turn the tap off after the tub is full. For each of the following risks or loss exposures, identify an appropriate risk management technique that could have been used to deal with the exposure.
Explain your answer.
a. Theft of her bike
b. Flooding of Sarah's apartment and the ones downstairs because she left the water running in the bathroom
c. Liability lawsuit against Sarah arising out of hitting a pedestrian while riding a bike
d. Total loss of clothes, TV set, computer, tablet, and other personal goods because of burglary
e. Damaging the bike's tire in the forest
f. Bike's failure resulting in falling down and physical injury
Related Book For
Auditing and Assurance Services Understanding the Integrated Audit
ISBN: 978-0471726340
1st edition
Authors: Karen L. Hooks
Posted Date: