Over the Long-Term, the Most Sustainable Approach to Minimize Damages

question 16

Multiple Choice

Over the long-term, the most sustainable approach to minimize damages and losses from natural hazards is to guide development away from _______________.

• A) the political process
• B) hazard-prone areas
• C) natural habitats
• D) ocean front properties

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Definitions:

Home Equity

The portion of a homeowner's property value that exceeds the outstanding balance of all liens on the property.

Preferential Payment

A payment made by a debtor to a creditor before a bankruptcy filing that gives the creditor more than it would receive in the debtor's bankruptcy.

Business Partner

An individual or entity that enters into a business relationship with another to pursue mutual goals and interests, often sharing profits, losses, and control.

Bankruptcy Proceedings

A legal process through which individuals or businesses unable to repay their debts may seek relief and undergo a structured repayment or asset liquidation process.