While Crises Are Unexpected Events, They Unfold in Cyclical Patterns

question 5

True/False

While crises are unexpected events, they unfold in cyclical patterns.

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Definitions:

Strategic Priority

A focus on long-term goals that are deemed most important for an organization’s success and allocation of resources.

United States Environmental Protection Agency

A federal agency tasked with protecting human health and the environment by enforcing regulations based on laws passed by Congress.

Private Costs

Costs that are directly borne by the individuals or organizations engaging in an economic activity, excluding external effects.

Intangible Benefits

Advantages or benefits of a product, service, or project that are not easily quantified in monetary terms, such as brand recognition or customer loyalty.