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The terms catastrophic, critical, moderate, and negligible are used to classify the severity or impact of risks, events, or situations. "Catastrophic" indicates a severe and often widespread effect with significant consequences, while "critical" represents a serious impact that demands urgent attention. "Moderate" suggests a manageable level of impact, and "negligible" refers to an effect that is minimal and unlikely to cause concern. These classifications help in risk assessment and management processes.

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