The Measurement of How Easy It Would Be to Detect

question 60

Short Answer

The measurement of how easy it would be to detect that the event was going to occur in time to take mitigating action is known as __________.

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Definitions:

Condition

The current state or quality of an item, product, or entity, often used to describe something's appearance, functionality, or working order.

Specialize In Producing

The practice in which individuals, companies, or countries focus on the production of a limited scope of products or services to gain greater degrees of productive efficiency within an overall system.

Trade

The exchange of goods, services, or both between two or more parties, wherein each party benefits from the transaction.

Opportunity Cost

The expense associated with missing out on the second-best choice when deciding or selecting a course of action.