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a) Use the following information about the ABC Company to answer part (1) to part (5). The ABC Company has a serious internal control problem
a) Use the following information about the ABC Company to answer part (1) to part (5). The ABC Company has a serious internal control problem in its production process. The impact associated with the problem is $2,000,000 and the likellhood of the problem occurring is 10%. An internal control measure is suggested and it can reduce the likelihood of the problem to 2% but the internal control measure costs $100,000. (5 marks) 1) What is the exposure for ABC Company WITHOUT the internal control measure in place
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