A Rating of '1' for the Probability of Occurrence of a Hazard

question 17

True/False

A rating of '1' for the Probability of Occurrence of a hazard in a Hazard Vulnerability Matrix indicates that we should expect that hazard to occur on average at least once each year.

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Definitions:

Global Commodity Chain

The worldwide network of production and distribution processes through which a product passes until it reaches the consumer.

Glocalization

The practice of conducting business according to both local and global considerations.

Neoliberal Organization

An entity or group that operates based on neoliberal principles, emphasizing free markets, deregulation, and the reduction of government intervention in the economy.

Grotesque Inequality

An extreme level of disparity in wealth, income, and opportunity between different individuals or groups within a society.