What Is the Disaster Level Called When Operations Are Disrupted

question 4

Multiple Choice

What is the disaster level called when operations are disrupted from two to seven days?

• A)Catastrophic
• B)Major
• C)Severe
• D)Minor

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Definitions:

Present Obligation

A current duty or responsibility that an entity has as a result of past events, which will likely require an outflow of resources.

Restructuring

The process of organizing a company or its operations differently to increase efficiency or improve profitability, often involving changes in business model, operations, or staff.

Historical Pattern

Trends or sequences in data that have been observed to repeat over historical periods, often used for forecasting and analysis.

Warranty Claims

Requests made by customers for the repair or replacement of products under the terms of a warranty agreement.