Question

What is a disaster?

a) The ability of a company to recover from a catastrophe and get back to business as usual
b) Any event or occurrence that can have a detrimental effect on an organization either in whole or in part
c) Any event or occurrence that can have a lasting effect on an organization either in whole or in part.
d) All of these

Answer 1

Answer: B. Any event or occurrence that can have a detrimental effect on an organization either in whole or in part.

Explanation: Disasters are not just any event, They are unwanted events or occurrences which causes damage to an organization whereby depending on the severity of such disaster, it may take weeks, months, or even years to recover. Disaster could cripple a section or a whole organization causing partial or complete alteration of services. Disaster could range from physical accident such as fire outbreak, building collapse or even irredeemable hack or loss of certain data or shipment causing both financial loss and diminished trust.

Answer 2

Any event or occurrence that can have a detrimental effect on an organization either in whole or in part-B

Step-by-step explanation:

A disaster in buisness is an economic disruption situation resulting from Natural hazards(floods, hurricanes), Health hazards(Corona virus), Human hazards (accidents) and

Technology-related hazards power and equipment failure.) Causing detrimental effect to buisnesses.

Disasters especially natural disasters can happen suddenly affecting a buisness tremendously. Therefore business owners need to be prepared by having a backup plan in place. For example substitute work site, or good insurance can go a long way in cushioning the effects of some disasters.

However, generally,there is not so much that a business leader can do in preparing his or her organization for hazards but it is necessary that they always Identify Thier risk, develop Plans , take action towards the plan and Inspire others on Thier successful outcomes.