In the context of the global environment of business, which of the following was the outcome of Hurricane Katrina in 2005?
A) It had a catastrophic impact on several impoverished African economies that could least afford the hit.
B) It decimated the travel industry and led to multibillion-dollar government outlays for Homeland Security.
C) It brought the Gulf Coast oil industry to a virtual standstill.
D) It dealt a devastating blow to tourism throughout Europe.

Question

Quizplus · Accepted Answer

Hurricane Katrina severely affected the Gulf Coast, particularly impacting the oil industry by halting production and refining operations, leading to significant economic consequences.

In the Context of the Global Environment of Business, Which