What is the minimum monetary severity that class B mishaps must reach?

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Multiple Choice

What is the minimum monetary severity that class B mishaps must reach?

Explanation:
In mishap severity classifications, monetary severity defines which level of investigation and reporting is triggered by the total cost of the incident. Class A covers the highest-cost category, typically $2,000,000 or more in property damage or costs, or serious injury/fatality. Class B picks up costs from $600,000 up to just under $2,000,000. So the smallest amount that would still place an incident in Class B is $600,000. If the cost is $600,000 or more but less than $2,000,000, it’s Class B; costs of $2,000,000 or more would be Class A. For contrast, $60,000 would fall into Class C, and $25,000 into Class D.

In mishap severity classifications, monetary severity defines which level of investigation and reporting is triggered by the total cost of the incident. Class A covers the highest-cost category, typically $2,000,000 or more in property damage or costs, or serious injury/fatality. Class B picks up costs from $600,000 up to just under $2,000,000. So the smallest amount that would still place an incident in Class B is $600,000. If the cost is $600,000 or more but less than $2,000,000, it’s Class B; costs of $2,000,000 or more would be Class A. For contrast, $60,000 would fall into Class C, and $25,000 into Class D.

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