citizens and first responders “to ensure that as a nation we work together to build, sustain, and improve our capability to prepare for, protect against, respond to, recover from, and mitigate all hazards” (FEMA, 2012). FEMA’s emergency support ranges from transportation and communications to logistics management and public safety and security. This agency works only at the request of the state government because effective disaster preparedness requires more than FEMA can provide alone. According to FEMA, the governor of the affected state must make a formal application for help, either for an emergency or major disaster for individuals, for the restoration of public systems and facilities, or for matching funds to reduce the area’s future vulnerability (FEMA, 2012). They are required to arrive within hours of a disaster to assist with getting supplies of food and medicine to the people who need it, to set up shelters and provide safety for people who have been evacuated from their homes.
Financial Contingency Planning: Sources of Funding AJS/522 Instructor Michael Walker University of Phoenix November 4, 2013 A contingency plan is a secondary plan prepared in case of a situational change, including disasters or if the original plan does not progress as anticipated. The amount of funding in response to a disaster or other unforeseen event will provide relief and is specific to these events. Financial contingency can be used in businesses, government, and personal planning. Funding derived from local, federal, and government agencies. Money that nonprofit and private organizations lend a financial assistance as well.
The primary goal of the BCP for Mosaic is to have the Incident Response team in place so that systems, networks and data are recovered in a timely manner. During the course of an event, the incident response team is initiated and the Business unit SME is called upon when the systems they managed are directly affected during the Recovery phase. During this phase the Business unit SME will recover the systems from good known backups in the least amount of time possible. Once the systems, networks and/or data is recovered the Business Unit SME will notify management that systems, networks and/or data has been recovered. For example, during the event of a malicious code that was located on a business critical file server.
The primary objective of this plan, used in conjunction with the contingency plans, is to provide reasonable assurance that a computing installation can recover from disasters, continue to process critical applications in a degraded mode, and return to a normal mode of operation within a reasonable time. A key part of disaster recovery planning is to provide for processing at an alternative site during the time that the original facility is unavailable. Contingency and emergency plans establish recovery procedures that address specific threats. These plans help prevent minor incidents from escalating into disasters. For example, a contingency plan might provide a set of procedures that defines the condition and response required to return a computing capability to nominal operation; an emergency plan might be a specific procedure for shutting down equipment in the event of a fire or for evacuating a facility in the event of an
The process of planning for a possible disaster starts with the planning committee coming up with a risk analysis. The impact of several disaster scenarios including the impact and consequences of the different scenarios needs to be analyzed to determine the impact to the business. To keep Sunica Music and Movie up and running during a disaster the critical facets of the business need to be functional regardless of the disaster. The following departments are detrimental to the continued success of the business during a disaster: key functional operations, key personal, vital records, processing systems, vital records, information and documentation, and policies and procedures. To determine which departments and organizations need to be back online first to sustain to smallest amount of impact, process and operations need to be analyzed to find what the time frame is that each area of the business can function without each critical system.
(0.5 points) Insurance that protects your family against the negative financial impact that would be caused by your death 3. Which tax provides federal funding for unemployment insurance? (0.5 points) Federal Unemployment Tax Act 4. What is liability insurance? (0.5 points) Insurance that protects you by helping to cover costs that are caused by events you're responsible for.
7. Which element of the comprehensive financial plan focuses on your housing needs, setting aside money for emergencies, and establishing a career path? The element of the comprehensive financial plan focuses on your housing needs, setting aside money for emergencies and establishing a career path is securing basic needs 8. The economy is unpredictable and can affect your personal financial planning. List one
When an individual passes away and before his or her heirs receive any money all debts must be paid, unlike the government (Colander, 2010). Another difference between government and individual debt is that the government can create money to pay off debts if needed whereas an individual cannot. This week’s objectives gave us, a better understanding of how deficits and surpluses work also how deficits are not always bad. It also taught us how difficult it can be for the government to pay off debts and to come up with a budget that will lead us out of a
Retrieved from http://search.proquest.com/docview/211449734?accountid=32521 Hicks-Coolick, A., Burnside-Eaton, P., & Peters, A. (2003). Homeless children: Needs and services. Child & Youth Care Forum, 32(4), 197-210. doi:http://dx.doi.org/10.1023/A:1024112015196 Korgen, K. & Furst, G. (2012). Social problems: Causes & responses.
Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. Guardians are often designated for minor children and beneficiaries in incapacity. Your estate consists of all property owned by you at the time of your death, including: real estate, bank accounts, stocks and other securities, life insurance policies and personal property such as automobiles, jewelry, and artwork. An experienced estate planning attorney can explain all options available to you in meeting your estate planning goals and fulfilling the needs of your loved ones -- whether you need to revise an existing will or create a comprehensive estate plan from scratch. An irrevocable trust gives its owners lots of asset protection.