_____________ Involves a Detailed Analysis of What Can Be Done

question 8

Multiple Choice

_____________ involves a detailed analysis of what can be done to reduce or eliminate the probability and severity of these adverse events while also considering the trade-offs involved.

• A) Contingency planning
• B) Risk mitigation
• C) Loss prevention
• D) Risk monitoring
• E) Risk assessment

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Definitions:

Pairs of Socks

Multiple sets of soft foot garments, each set consisting of two items, typically worn for warmth, comfort, or hygiene reasons.

Opportunity Cost

The expense incurred by not choosing the second-best option available during decision-making.

United States

A country in North America consisting of 50 states and a federal district, known for its large economy and diverse population.

Rebuilding

The process of restoring or reconstructing infrastructure, homes, or communities after damage or destruction.