The Current Environment Requires a Concerted National Effort Including All

question 23

Multiple Choice

The current environment requires a concerted national effort including all levels of government to prevent, prepare for, respond to, and recover from major disasters. The National Response Plan was formed under Presidential directives. The purpose of this plan is to create:

• A) A new branch of government that deals with bioterrorism
• B) A way for the Red Cross to carry out its mission
• C) A unified, all-discipline, all-hazards approach to domestic incident management
• D) An extension of presidential power to act quickly to weapons of mass destruction

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, which often bears no relation to its market value.

Fair Value

An estimate of the price at which an asset or liability could be bought or sold in an orderly transaction between market participants at the measurement date.

Par Value

The face value of a bond or the stock value stated in the corporate charter, not necessarily related to its market value.

Fair Value

The estimated price at which an asset or liability could be traded in a fair transaction between willing parties.