What is the definition of the Annual Loss Expectancy?
A. The Annual Loss Expectancy is the amount of damage that can occur as a result of an incident during the year.
B. The Annual Loss Expectancy is the size of the damage claims resulting from not having carried out risk analyses effectively.
C. The Annual Loss Expectancy is the average damage calculated by insurance companies for businesses in a country.
D. The Annual Loss Expectancy is the minimum amount for which an organization must insure itself.
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