What Was the Disaster Mitigation Act

question 35

Multiple Choice

What was the Disaster Mitigation Act?

• A) It amended the 1974 Act to establish the framework for federal disaster assistance including requirements for requesting assistance, the type of assistance available, and the role of the Federal Emergency Management Agency.
• B) The first law to formalize federal disaster relief to both States and individuals and families in one place. It also created the authority for the President to issue emergency declarations.
• C) It was an amendment to a previous act to require all states to include long and short term hazard mitigation plans in their emergency response strategies, specifically requiring attention to both natural and man-made disasters.
• D) It attempted to clarify the relationship between counterterrorism response and emergency management by designating lead agencies for crisis management (Federal Bureau of Investigation) and consequence management (FEMA) in response to dealing with a terrorist attack.

Analyze the impact of personal and organizational factors on the success of entrepreneurial ventures.

Understand the characteristics and traits of successful entrepreneurs.

Analyze the challenges and opportunities faced by immigrants starting a business in the United States.

Recognize the importance of willingness to take risks in entrepreneurship.

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Definitions:

Marginal Utility

The increased fulfillment or advantage obtained by using one more unit of a good or service.

Bundle A

Not a standardized economic term without context; appears to be a placeholder name for a specific set of goods and services.

Budget Constraint

An economic model that represents all the combinations of goods and services that a consumer can afford given current prices within their income level.

Marginal Utility

The additional satisfaction or benefit (utility) a consumer gains from consuming one more unit of a good or service.