SEP3702 Assignment 2 (COMPLETE ANSWERS) Semester 1 2025 (622248) - DUE 15 April 2025; 100% correct solutions and explanations.

SEP3702 Assignment 2 (COMPLETE ANSWERS) Semester 1 2025 (622248) - DUE 15 April 2025; 100% correct solutions and explanations. QUESTION 1 CASE STUDY You are the security manager of a large and well-known company which supplies vehicle parts to most car part depots as well as directly to the public. The company where you are employed is suffering severe losses as a result of stock shrinkage. You decide to recommend to your client that he purchase an electronic marking system that would be activated should vehicle parts and accessories be removed unlawfully from the premises. The cost of the marking system is R200 000. Furthermore, laptop computers at the head office of your client’s organisation are repeatedly being stolen. During the last financial year, 10 laptops were reported stolen. You suspect that some of the staff members have been taking their office laptops to give to their own children, who are university students. These staff members commit fraud in reporting their laptops as stolen. Your client’s company has 50 laptops. The thefts and fraudulent reports of alleged thefts of laptops by personnel members are converted into an annual loss figure. If 10 laptops costing R10 000 each are stolen annually, the annual direct loss expectancy (ALE) is R100 000 per annum. (In this example, we exclude indirect losses, such as the loss of information and the resultant loss of production.) With specific reference to the new marking system for the vehicle spare parts, accessories, and laptops, conduct and formulate an in-depth discussion on