A(n)_____ Is a Separate and Fully Equipped Facility Where a Company

question 31

Short Answer

A(n)_____ is a separate and fully equipped facility where a company can move immediately after a disaster and resume business.

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Definitions:

Legal Entity

An organization or structure that is recognized by law as capable of legal rights and obligations, such as a corporation or partnership.

Aggregate

A total or sum, often used in contexts involving the collection of different items or amounts into a single whole.

Contracts

Legally binding agreements between two or more parties that are enforceable by law.

Economic Purpose

The underlying financial or economic reasons behind business transactions, investments, or policy decisions.