Which of the Following Is Not a Benefit of an Effective

question 3

Multiple Choice

Which of the following is not a benefit of an effective disaster plan?

• A)Limits the loss of data
• B)Increase in the budget line to prepare for future disasters
• C)Limits loss of equipment
• D)Offers a logical system to employ during an unforeseen disaster

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Definitions:

Information Asymmetry

A situation where one party in a transaction has more or superior information compared to another.

Technological Progress

The advancement of technology, leading to improved methods, products, or processes that enhance productivity and efficiency.

Rising Wages

An economic condition where the average wage level in an economy increases over time, potentially affecting inflation and purchasing power.

GDP

Gross Domestic Product (GDP) measures the total economic output of a country within a given time period, reflecting the overall health of its economy.