When Should Federal Entities Recognize Liabilities for Natural Disasters

question 14

Multiple Choice

When should federal entities recognize liabilities for natural disasters?

• A)When the disaster occurs.
• B)When the financial effect of the disaster is known or can be estimated.
• C)When the government acknowledges financial responsibility and an amount is due and payable.
• D)Never.The federal government does not accept responsibility for Acts of God.

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Definitions:

Distribution Intensity

The level of availability of a product in a particular market; can range from intensive (available everywhere) to selective or exclusive (available in few locations).

Channel Conflict

Occurs when there is a clash or discord among channel members such as manufacturers, distributors, and retailers, often due to overlapping responsibilities or competition.

Exclusive Distribution

A distribution strategy where a supplier grants a single retailer or wholesaler exclusive rights to sell their product in a specific geographic area.

Point of Difference

A unique feature or benefit that sets a product or service apart from its competitors in the eyes of target customers.