The Keys to the Success of Any Emergency Organization and Plan

question 201

Multiple Choice

The keys to the success of any emergency organization and plan are training and testing. In designing effective testing procedures, the following are all valid observations except:

• A) Records should be maintained so deficiencies can be corrected following the test.
• B) The testing exercise should be as realistic as possible.
• C) Plenty of advance notice should be given so all possible preparations can be made.
• D) One of the best times to test the plant emergency plan is in coordination with your local government periodic test exercises.
• E) Testing of the emergency plan should require the actual operation or simulation of every element of the plan in all possible emergency conditions.

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Definitions:

Straight Line Amortization

A method of amortizing an intangible asset evenly over its useful life.

Voting Shares

Equity that grants the investor voting privileges on matters like board of directors' elections.

Cost Method

An accounting approach where investments are recorded at their acquisition cost, without recognizing any changes in market value until they are sold.

Investment Account

An account held at a financial institution or brokerage used to hold, manage, and track securities investments and transactions.