FEMA IS-276.A Answers

We thoroughly check each answer to a question to provide you with the most correct answers. Found a mistake? Tell us about it through the REPORT button at the bottom of the page. Ctrl+F (Cmd+F) will help you a lot when searching through such a large set of questions.

FEMA IS 276.A: Benefit-Cost Analysis Fundamentals Answers

The end result of a Benefit-Cost Analysis is a Benefit Cost Ratio, which is calculated by dividing a mitigation project’s benefits by its costs.TRUE
OMB Circular No. A-94 Revised:Provides guidelines and discount rates for Benefit-Cost Analysis of federal programs
The terms Project Useful Life and project effectiveness mean the same thing.FALSE
The method by which the future benefits of a mitigation project are calculated and compared to the project costs is called:Benefit-Cost Analysis
The Benefit-Cost Analysis website provides program guidelines, methodologies, and software modules for conducting a benefit-cost analysis for projects that mitigate risk from a range of natural hazards.TRUE
The rate of flow for each flood event, which increases as the flood event gets larger, is called:Flood Discharge
The Benefit-Cost Ratio is a numerical expression of the cost-effectiveness of a mitigation project. A project is considered to be cost-effective only if:The Benefit-Cost Ratio is equal to or greater than 1.0.
Losses that can be avoided as a result of completing a mitigation project include all of the following except:Structure demolition costs
FEMA has provided resources such as websites and training courses to provide the skills and knowledge needed to conduct a Benefit-Cost Analysis or review a completed Benefit-Cost Analysis.TRUE
The Base Flood Elevation is the height of the floodwater at the project site if the:100-year flood, also referred to as the 1% annual chance flood, occurs
Project Useful Life is the estimated amount of time (in years) that the mitigation project would be effective.TRUE
EMI provides both classroom and independent study courses on how to use the Benefit-Cost Analysis Tool.TRUE
Which office or department requires FEMA hazard mitigation projects to be cost-effective?Office of Management and Budget
The 100-year flood is a flood that has a _ percent chance of occurring in any given year.1
Flood elevation is the level to which the water rises during a flood event.TRUE
Which key Benefit-Cost Analysis term is often referred to as the “time value of money”?Discount Rate
A community’s Flood Insurance Study is a reliable source for flood elevation data.TRUE
The Streambed Elevation:Is most easily determined from a Flood Insurance Study
Project Effectiveness:Is a measure of how well the project will reduce future damages
The Base Flood Elevation for a structure is the same as the 100-year flood elevation for that structure.TRUE
Each combination of Project Useful Life and discount rate has a fixed Present Value Coefficient.TRUE

Was this helpful?