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GAQM Certified Business Continuity Professional (CBCP) Sample Questions (Q33-Q38):
NEW QUESTION # 33
A disaster lasting longer than seventy-two (72) hours requires implementation of which of the following:
- A. Short Term Business Continuity Plan
- B. Business Continuity and Disaster Recovery Plan
Answer: B
Explanation:
A disaster lasting longer than seventy-two (72) hours requires implementation of a business continuity and disaster recovery plan. A business continuity and disaster recovery plan is a comprehensive document that outlines how an organization will respond to and recover from adisaster that disrupts its normal operations. It covers both the IT aspects (disaster recovery) and the business aspects (business continuity) of restoring the critical functions and processes within an acceptable time frame. A disaster lasting longer than seventy-two (72) hours is likely to have significant impacts on the organization's performance, reputation, assets, and stakeholders, and therefore requires a coordinated and structured approach to ensure its survival and resilience. Verified References: https://www.ready.gov/business-continuity-planhttps://www.csoonline.com
/article/515730/business-continuity-and-disaster-recovery-planning-the-basics.html
NEW QUESTION # 34
A consultant is a person who borrows your watch to tell you the time, charges you for doing so and then sells you back your watch.
Answer: B
Explanation:
A consultant is a person who borrows your watch to tell you the time, charges you for doing so and then sells you back your watch. This is false because it is a cynical and unfair description of a consultant's role and value. A consultant is a person who provides professional or expert advice in a specific field or domain. A consultant can help an organization to identify problems, analyze situations, develop solutions, implement changes, improve performance, or achieve goals. A consultant can also provide knowledge, skills, tools, or resources that the organization may not have or need temporarily. Verified References: https://www.
investopedia.com/terms/c/consultant.asphttps://phoenixnap.com/blog/what-is-business-continuity-management
NEW QUESTION # 35
Which type of risk is related to human error or achievement?
- A. Operational
- B. Technical
- C. Strategic
- D. Commercial
Answer: A
Explanation:
Explanation
Operational risk is the type of risk that is related to human error or achievement. Operational risk is the uncertainty or variability of the execution or outcome of an organization's functions or processes. Operational risk can result from factors such as inadequate policies, procedures, systems, controls, skills, training, supervision, or compliance. Operational risk can affect an organization's operational efficiency, quality, safety, security, reputation, or profitability. Verified References:
https://www.investopedia.com/terms/o/operational_risk.asphttps://www.thebci.org/training-qualifications/good-p
NEW QUESTION # 36
When should the Business Continuity Planning be reviewed?
- A. Whenever encountering a disaster
- B. Whenever the legal department declares it is time
- C. Whenever the company gets audited
- D. At least annually or whenever significant changes occur
Answer: D
Explanation:
Explanation
Business continuity planning is not a one-time activity, but a dynamic and ongoing process that needs to be reviewed and updated regularly to reflect changes in the internal and external environment. The frequency of review may vary depending on the nature and size of the organization, but it is generally recommended to conduct a review at least annually or whenever significant changes occur that may affect the continuity of the organization's functions and processes. Such changes may include organizational restructuring, new products or services, new technologies, new regulations, new threats or vulnerabilities, or lessons learned from incidents or exercises. Verified References:
https://www.ready.gov/business-continuity-planhttps://drii.org/resources/professionalpractices/EN
NEW QUESTION # 37
Which type of risks result from business decisions that are influenced by changes in markets, liquidity changes and credit risks?
- A. Financial
- B. Operational
- C. Technical
- D. Strategic
Answer: A
Explanation:
Explanation
Financial risks are the risks that result from business decisions that are influenced by changes in markets, liquidity, and credit. Financial risks are the uncertainties or variabilities of the financial performance or position of an organization due to factors such as interest rates, exchange rates, inflation, credit ratings, debt levels, or cash flows. Financial risks can affect an organization's profitability, solvency, liquidity, or valuation.
Verified References:
https://www.investopedia.com/terms/f/financialrisk.asphttps://www.thebci.org/training-qualifications/good-pract
NEW QUESTION # 38
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