Which of the Following Was NOT Demonstrated from Hurricane Ike

question 4

Multiple Choice

Which of the following was NOT demonstrated from Hurricane Ike and its aftermath?

• A)The importance of the role of local governments in emergency planning and management
• B)The need for increased control over and regulation of private sector industries along the Texas coast
• C)Local governments could disagree about how best to spend limited funds to protect the heavily populated and industrialized areas along the coast from future hurricane damage.
• D)Local governments are often the first governments people turn to in times of emergency.
• E)Local governments likely have the most direct effect on most citizens' lives not only in normal times but in times of emergency as well.

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Definitions:

Simple Interest

Interest calculated only on the principal amount of a loan or investment, rather than on previously earned interest.

Monthly Basis

pertaining to or calculated over the period of one month.

Amortized Loan

A loan with scheduled periodic payments that consist of both principal and interest, designed to pay off the debt by the end of the term.

Effective Rate

The actual interest rate earned or paid on an investment, loan, or other financial product, accounting for the effect of compounding.