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Disaster management includes four stages: prevention, preparation, response, and recovery. Preparedness includes which of the following?
Payment Default
The failure to meet the legal obligations of a loan, such as not making the agreed-upon monthly payments.
Loan Principal
The initial size of the loan or the amount of money borrowed that is still owed, not including interest.
Low-credit-risk Company
A company deemed to have a minimal risk of defaulting on its debt obligations, often due to strong financial health and stability.
Operating Cash Flows
Cash generated from the core business activities of a company, excluding investing and financing activities.
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