maria is the risk manager for a large organization and is evaluating whether the organization should purchase a fire suppression system. she consulted a variety of 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. given this scenario, what is the annualized loss expectancy (ale)?

Economic profit can be calculated as income short express costs short opportunity taken a toll. Explicit costs are all costs ordinarily accounted for, such as labour costs, materials costs, promoting, devaluation, and charges. Single-loss expectancy (SLE) is the monetary value expected from the occurrence of a risk on an asset. It is related to risk management and risk assessment.

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