Sanctions Reward Actions That Reduce Hazard Vulnerability

question 7

True/False

Sanctions reward actions that reduce hazard vulnerability.

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Definitions:

Expenses

Costs incurred in the operation of a business to earn revenue, including operating and non-operating expenses.

Revenues

Income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Asset Account

An account that represents a resource owned or controlled by a company that is expected to provide future economic benefits.

Consumed

Used up or exhausted, particularly in reference to resources or goods.