Using Net Benefit to Evaluate Risk Response Alternatives Crazy Fan Guard Company provides security services to popular live sporting event venues. Crazy Fan management has identified one of its top risks as the possibility that restrictions on premium close seating options will severely decrease its sales revenue by lessening the demand for its security services. The table below displays a description of this top risk, an inherent risk assessment, three risk response alternatives, and finally, a residual risk assessment. Guard's management accounting team estimates that the incremental cost of implementing response A is $2,200,000, and the Crazy Fan Guard's management accounting team estimates that the incremental cost of implementing response A is $2,200,000, and the incremental cost of implementing response B is $700,000. Required: 1. Calculate the benefit of each risk response alternative A through C. If an amount is zero, enter " 0 ". Benefit for A$ Benefit for B \$ Benefit for C$ 2. Calculate the net benefit of each risk aiternative A through C. Use minus sign to indicate the negative values. If an amount is zero, "0". Net benefit for A$ Net benefit for B \$ Net benefit for C$ 3. Conceptual Connection: Using net benefit as the criterion, explain the best risk response alternative that Crazy Fan Guard Company manag should implement. The risk response alternative with the greatest net benefit is alternative Calculate the net benefit of each risk alternative A through C. Use minus sign to indicate the negative values. If an amount et benefit for A$ et benefit for B \$ let benefit for C \$ - Conceptual Connection: Using net benefit as the criterion, explain the best risk response alternative that Crazy Fan Guard Compar hould implement. he risk response alternative with the greatest net benefit is alternative Describe each of the data analytic types: Descriptive Diagnostic Predictive Prescriptive