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GAQM Certified Business Continuity Professional (CBCP) Sample Questions (Q27-Q32):

NEW QUESTION # 27
In the event of a disaster, notification shall be given to each employee by either the HR Department Manager or through the firm's emergency notice system.

A. True
B. False

Answer: A

Explanation:
In the event of a disaster, notification shall be given to each employee by either the HR Department Manager or through the firm's emergency notice system. This is true because communication is a vital component of any disaster recovery and business continuity plan. Employees need to be informed of the situation, their roles and responsibilities, and the actions they need to take to ensure their safety and the continuity of the business.
The HR Department Manager or the emergency notice system are the designated channels for communicating with employees during a disaster. 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 # 28
Which type of risk is related to human error or achievement?

A. Operational
B. Commercial
C. Strategic
D. Technical

Answer: A

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-practice-guidelines.html

NEW QUESTION # 29
Which type of risks result from business decisions that are influenced by changes in markets, liquidity changes and credit risks?

A. Operational
B. Strategic
C. Financial
D. Technical

Answer: C

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 # 30
BIA stands for

A. Business Importance and Availability
B. Business Improvement Activities
C. Business Information Availability
D. Business Impact Analysis

Answer: D

Explanation:
Business impact analysis (BIA) is the process of identifying and prioritizing the organization's functions and processes based on their importance to the organization's objectives, and assessing the potential impacts of a disruption to those functions and processes over time. The BIA helps to determine the recovery time objectives (RTOs), recovery point objectives (RPOs), and resource requirements for each function and process, as well as the interdependencies and dependencies among them. The BIA provides the basis for developing recovery strategies and plans. Verified References: https://www.ready.gov/business-impact- analysishttps://drii.org/resources/professionalpractices/EN

NEW QUESTION # 31
When should the Business Continuity Planning be reviewed?

A. Whenever the company gets audited
B. Whenever the legal department declares it is time
C. At least annually or whenever significant changes occur
D. Whenever encountering a disaster

Answer: C

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 # 32
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