EARTH SCIENCE
GEOPHYSICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Minimises total cost but maximises expected loss.
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Maximises total cost but minimises expected loss.
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Maximises the total cost, the sum of the expected loss and the mitigation cost.
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Minimizes the total cost, the sum of the expected loss and the mitigation cost.
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Detailed explanation-1: -Mitigation is defined as “sustained action that reduces or eliminates long-term risk to people and property from natural hazards and their effects.” It describes the ongoing effort at the federal, state, local and individual levels to lessen the impact of disasters upon our families, homes, communities and economy.
Detailed explanation-2: -Increase public awareness of risk from natural hazards. GOAL: To reduce injuries and loss of life; trauma; damage to property, equipment and infrastructure; community disruption; and economic, environmental, and other losses caused by floods and flash floods.
Detailed explanation-3: -A risk mitigation strategy takes into account not only the priorities and protection of mission-critical data of each organization, but any risks that might arise due to the nature of the field or geographic location. A risk mitigation strategy must also factor in an organization’s employees and their needs.
Detailed explanation-4: -Mitigation means to reduce the impact of disasters. Mitigation is of two types, structural mitigation and non-structural mitigation. (i) Structural Mitigation Structural mitigation involves activities like Construction of river embankments Strengthening existing buildings, etc.