Direction: Read the situation below. The complete the task that follows. You have got a rice store in your home. According to the news, Typhoon Ondoy will bring heavy rain to almost every part of Southern Luzon, including your location. At first, the rain seemed normal, but it's just not going to stop. There are fewer customers right now. With this rain, there may not be any more customers soon. It might flood in a bit, but if you close the store, you're not going to be able to feed your three children. So, you've decided not to close the store. There's news from your neighbors that your residence is already overflowing, and in a few minutes your store and the rest of the community will be flooded. Your family has been instructed by barangay officials to evacuate the public elementary school in the vicinity of School. Your family has been instructed by the Barangay officials to evacuate to a public elementary school located in your municipality. 1. Identify all the elements exposed to hazard "Typhoon Ondoy" and identify the categoy (Physical, socioeconomical, environmental) 2. If you are in the same situation, what will be your immediate decision? Stay in the place that you consider as your way of living are prioritize the safety of your family? 3. Why is it so important to determine the elements exposed to hazards in your community?

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 3.2IP: Concert Opportunity Cost 2 You were able to purchase two tickets to an upcoming concert for $100...
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Direction: Read the situation below. The complete the task that follows. You have got a rice store in your home. According to the news, Typhoon Ondoy will bring heavy rain to almost every part of Southern Luzon, including your location. At first, the rain seemed normal, but it's just not going to stop. There are fewer customers right now. With this rain, there may not be any more customers soon. It might flood in a bit, but if you close the store, you're not going to be able to feed your three children. So, you've decided not to close the store. There's news from your neighbors that your residence is already overflowing, and in a few minutes your store and the rest of the community will be flooded. Your family has been instructed by barangay officials to evacuate the public elementary school in the vicinity of School. Your family has been instructed by the Barangay officials to evacuate to a public elementary school located in your municipality.

1. Identify all the elements exposed to hazard "Typhoon Ondoy" and identify the categoy (Physical, socioeconomical, environmental)
2. If you are in the same situation, what will be your immediate decision? Stay in the place that you consider as your way of living are prioritize the safety of your family?
3. Why is it so important to determine the elements exposed to hazards in your community?

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