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The CBCP certification exam covers a wide range of topics related to business continuity planning, including risk assessment, business impact analysis, emergency response, crisis communication, and recovery strategies. CBCP-002 Exam is designed to measure the candidate's ability to apply these concepts in real-world scenarios, ensuring that they have the skills necessary to develop and implement effective business continuity plans.
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GAQM Certified Business Continuity Professional (CBCP) Sample Questions (Q29-Q34):
NEW QUESTION # 29
BIA stands for
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 # 30
Which type of risks result from business decisions that are influenced by changes in markets, liquidity changes and credit risks?
Answer: C
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 anorganization's profitability, solvency, liquidity, or valuation.
Verified References: https://www.investopedia.com/terms/f/financialrisk.asphttps://www.thebci.org/training- qualifications/good-practice-guidelines.html
NEW QUESTION # 31
What is the frequency of BCP testing for critical processes?
Answer: A
Explanation:
The frequency of BCP testing for critical processes is a fundamental aspect of ensuring a plan remains effective and relevant. Business Continuity Professional standards, such as those from DRI International and ISO 22301, provide guidance on testing frequency based on the criticality of processes and organizational needs.
* Annually: Industry standards recommend that critical processes undergo comprehensive BCP testing at least once a year. This ensures that plans are validated, personnel are trained, and any gaps or changes in the business environment are addressed. Annual testing is considered a baseline requirement for maintaining resilience, particularly for critical functions that, if disrupted, could severely impact the organization.
* Quarterly: While more frequent testing (e.g., quarterly) may be appropriate for highly dynamic environments or specific high-risk processes, it is not a universal requirement for all critical processes.
Quarterly testing is typically reserved for specific scenarios or as part of a progressive testing strategy rather than a standard frequency.
* As per calendar planned at beginning of the year: This option implies a flexible schedule, but it lacks specificity and does not align with standardized recommendations. Testing should follow a defined frequency rather than an arbitrary calendar plan unless explicitly tied to a standard (e.g., annual).
* Half-yearly: Semi-annual testing (every six months) may be adopted by some organizations for additional assurance, but it exceeds the minimum standard requirement of annual testing for critical processes unless specified by organizational policy or regulatory mandates.
The verified answer,A. Annually, reflects the widely accepted minimum frequency for testing critical processes as per Business Continuity Professional guidelines. However, organizationsmay increase frequency based on risk assessments or regulatory requirements, though this is not the default expectation.
References:
* DRI International Professional Practices for Business Continuity Management (2023), Section 9:
Testing and Exercising - Recommends annual testing as a minimum for critical processes.
* ISO 22301:2019, Clause 8.5 - Specifies regular testing and exercising, with annual frequency as a common benchmark for critical functions.
NEW QUESTION # 32
When should the Business Continuity Planning be reviewed?
Answer: C
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 # 33
Which statement is authorized at an appropriate level and should codify the company's attitude to a particular risk?
Answer: C
Explanation:
A policy statement is a statement that is authorized at an appropriate level and should codify the company's attitude to a particular risk. A policy statement is a document that defines the scope, objectives, principles, roles, and responsibilities of a business continuity management program. It should also express the organization's commitment to managing risks and ensuring continuity of its critical functions and processes.
A policy statement should be approved by senior management and communicated to all relevant stakeholders.
Verified References: https://www.iso.org/publication/PUB100442.htmlhttps://phoenixnap.com/blog/what-is- business-continuity-management
NEW QUESTION # 34
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