: Give a description for the following terms

Subject: Consumer Behavior

Paper Model: APA

Paper Type: Case Study

Total Words: 434

Document Outline

  1. Annual Rate of Occurrence (ARO)
  2. If the ALE of an incident is $20,000 and the ARO is twice every 5 years, what is the SLE
  3. . Explain the following XMLHTTP Request object functions and their arguments:
  4. Describe how PHP maintains sessions. Include how it can use the cookie to accomplish session management.

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It is the expected monetary loss from an asset during one year. ALE is the product of single loss expectancy (SLE) and the annual rate of occurrence (ARO). It is also defined as:

ALE = SLE * ARO

  1.  Annual Rate of Occurrence (ARO)

The probability of risk that will occur in a specific year is called annual rate of occurrence.

  1. Single Loss Expectancy (SLE)

It is the value of money expected from the risk occurrence on an asset. Single Loss Expectancy (SLE) is related to risk assessment and risk management.

Single Loss Expectancy (SLE) = Asset Value (AV) x Exposure Factor (EF)

b. If the ALE of an incident is $20,000 and the ARO is twice every 5 years, what is the SLE?

The SLE is $8000 every 5 years.

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