Cost mitigation ​Is the Process of Preventing the Financial Impact of an Incident

question 26

True/False

Cost mitigation ​is the process of preventing the financial impact of an incident by implementing a control. _________________________

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Definitions:

First Reaction

The initial response or action taken by an individual in response to a stimulus or situation.

Posttraumatic Growth

Positive psychological change experienced as a result of the struggle with highly challenging life circumstances.

Adolescent Years

A developmental phase following childhood, marked by puberty, psychological growth, and heightened exploration of identity, typically occurring from ages 13 to 19.

Catastrophe

A sudden and widespread disaster that significantly disrupts the functioning of a community or society.