You have been brought in as a consultant to Acme Manufacturing Company.Acme Manufacturing is a diversified company operating in several industries.They have operations in several States.

The annual Sales are $150,000,000

The net income has been in the range of $675,000 to $750,000 per year for the last 5 years.

One division manufactures parts for aerospace companies.

Another division is involved in electro-mechanical assembly and engineering.

Another division manufactures their own consumer products which they sell to various retailers under the Acme brand and also private labeling.

The management has asked you to

1. identify and assess the risks faced by Acme Manufacturing.
2. DeterminewhatRisk Management Plan should be taken
3. Determine what Insurance should be purchased and how much of the risks will the Company retain.