Which classification of mishap involves damages from $60,000 up to $600,000?

Prepare for the NIFE Ground School Exam. Utilize multiple-choice questions designed to enhance knowledge and comprehension. Learn with detailed explanations for a successful exam day.

The classification of a mishap involving damages from $60,000 up to $600,000 is designated as a Class B Mishap. This classification is part of a systematic way to categorize incidents based on the monetary loss incurred. Class B Mishaps typically involve a significant level of damage or injury that warrants detailed investigation and analysis to understand the causes and prevent recurrence.

To further elaborate, mishaps are categorized into different classifications depending on the severity and extent of damage. Class A Mishaps involve damages exceeding $2 million or fatalities, while Class C Mishaps cover damages between $20,000 and $60,000. Therefore, Class B is correctly positioned in this hierarchy to account for damages that fall between those ranges, specifically from $60,000 up to $600,000. Understanding these classifications is crucial for safety protocols and financial accountability within organizations.

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