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    FIRE SPRINKLER SYSTEM AND NONFINANCIAL FACTORS

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    What non financial considerations should be taken into account concerning a proposal to install a fire sprinkler system in a warehouse ?

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    https://brainmass.com/business/accounting/fire-sprinkler-system-nonfinancial-factors-628230

    Solution Preview

    Please refer to the attached file for the response.

    NONFINANCIAL FACTORS IN INSTALLATION OF FIRE SPRINKLERS IN A WAREHOUSE

    Warehouse is defined as a system for storing various goods or materials such as chemicals, perishable goods, among others.
    The following are among the nonfinancial factors that must be considered in installing a fire sprinkler ...

    Solution Summary

    Fire sprinkler system is aimed at reducing the degree of risk of destruction caused by fire in a warehouse. However, the purpose will only be attained if both financial and non-financial factors are taken into account. This report focuses on the non-financial factors that must be considered in coming up with a decision to install a fire sprinkler system. These include:building/warehouse characteristics, classification of goods that will be stored, availability of well trained personnel to monitor its efficient and effective functioning, and potential tenant base.

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