[May-2024] CBCP-002 PDF Dumps Extremely Quick Way Of Preparation
Download CBCP-002 Dumps (2024) - Free PDF Exam Demo
NEW QUESTION # 24
Which Process can be both time consuming and expensive as a result, management will expect tangible benefits to be achieved by the process?
- A. Business Continuity Planning
- B. Business Process Planning
- C. Business Contingency Planning
- D. Business Ethical Planning
Answer: A
Explanation:
Explanation
Business continuity planning is the process of identifying, developing, and implementing strategies and plans to ensure the continuity of an organization's critical functions and processes in the event of a disruption. It can be both time consuming and expensive, as it requires a thorough analysis of risks, impacts, resources, and recovery options. However, management will expect tangible benefits from the process, such as reduced losses, increased resilience, improved reputation, and compliance with regulations. Verified References:
https://www.ready.gov/business-continuity-plan https://drii.org/resources/professionalpractices/EN
NEW QUESTION # 25
Which system in place enables you to balance risk and entrepreneurial energy with appropriate internal control procedures to manage that risk?
- A. Quality Management System
- B. Corporate Governance
- C. Banking System
- D. Auditing Report
Answer: B
Explanation:
Explanation
Corporate governance is the system of rules, practices, and processes by which an organization is directed and controlled. It involves balancing the interests of various stakeholders, such as shareholders, management, customers, suppliers, regulators, and the community. It also enables an organization to balance risk and entrepreneurial energy with appropriate internal control procedures to manage that risk. Effective corporate governance can enhance performance, accountability, transparency, and trust. Verified References:
https://www.investopedia.com/terms/c/corporategovernance.asphttps://www.thebci.org/training-qualifications/go
NEW QUESTION # 26
Which of the following exercises involve all teams?
- A. Facilitated discussion
- B. Full-scale exercise
- C. Plan walkthrough
- D. Multi-team simulation
Answer: B
Explanation:
Explanation
A full-scale exercise is a type of exercise that involves all teams. A full-scale exercise is a high-pressure exercise that simulates a realistic scenario of a disruption that affects all or most of the organization's functions and processes. A full-scale exercise tests the effectiveness and efficiency of the plans, procedures, systems, teams, and resources that are required to respond to and recover from a disruption. A full-scale exercise also evaluates the coordination and communication among all the teams and stakeholders involved.
Verified References:
https://www.ready.gov/business-continuity-planhttps://www.csoonline.com/article/515730/business-continuity-a
NEW QUESTION # 27
Which of the following are three components of business continuity plan? (Choose three)
- A. Problem management
- B. Incident management
- C. Business recovery
- D. Disaster recovery
- E. Emergency response
Answer: B,D,E
Explanation:
Explanation
The three components of a business continuity plan are emergency response, incident management, and disaster recovery. They are:
Emergency response: This component involves the immediate actions taken to protect the life, health, and safety of people and the environment in the event of a disruption. Emergency response may include activating alarms, evacuating premises, contacting emergency services, or providing first aid.
Incident management: This component involves the coordination and communication of the activities and resources required to manage and resolve a disruption. Incident management may include activating the business continuity team, declaring a disaster, assessing the impact, activating the recovery strategies, or communicating with stakeholders.
Disaster recovery: This component involves the restoration and recovery of the IT systems, data, and infrastructure that support the critical functions and processes of the organization. Disaster recovery may include activating the backup systems, restoring the data, repairing or replacing the equipment, or testing the functionality. Verified References: https://www.ready.gov/business-continuity-plan
https://www.csoonline.com/article/515730/business-continuity-and-disaster-recovery-planning-the-basics.
NEW QUESTION # 28
Risks are diverse and arise from both external and internal sources.
- A. False
- B. True
Answer: B
Explanation:
Explanation
Risks are diverse and arise from both external and internal sources. This is true because risks are uncertainties that can have positive or negative effects on an organization's objectives. Risks can arise from various sources that are either outside or inside the organization's control. External sources of risk include natural disasters, cyberattacks, market fluctuations, customer preferences, competition, regulation, or political instability.
Internal sources of risk include human error, fraud, system failure, process inefficiency, organizational culture, or strategic decisions. Verified References:
https://www.investopedia.com/terms/b/businessrisk.asphttps://www.thebci.org/training-qualifications/good-pract
NEW QUESTION # 29
A disaster lasting longer than seventy-two (72) hours requires implementation of which of the following:
- A. Business Continuity and Disaster Recovery Plan
- B. Short Term Business Continuity Plan
Answer: A
Explanation:
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 a disaster 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-a
NEW QUESTION # 30
A disaster can also be declared for an illness pandemic where a significant portion of employees are sick.
- A. False
- B. True
Answer: B
Explanation:
Explanation
A disaster can also be declared for an illness pandemic where a significant portion of employees are sick. This is true because an illness pandemic is a type of natural disaster that can affect an organization's ability to continue its normal operations. An illness pandemic can cause absenteeism, reduced productivity, increased costs, supply chain disruptions, customer dissatisfaction, or regulatory compliance issues. Therefore, an organization may need to declare a disaster and activate its business continuity and disaster recovery plan if an illness pandemic impacts its critical functions and processes beyond an acceptable level. Verified References:
https://www.ready.gov/business-continuity-planhttps://www.csoonline.com/article/515730/business-continuity-a
NEW QUESTION # 31
Which type of continuity planning will enhance the functioning relationship with the organization's key suppliers, creating stronger assurances of continuous supply of information, material product and services?
- A. Unilateral
- B. Multilateral
- C. Bilateral
Answer: C
Explanation:
Explanation
Bilateral continuity planning is the type of continuity planning that will enhance the functioning relationship with the organization's key suppliers, creating stronger assurances of continuous supply of information, material product and services. Bilateral continuity planning is the process of developing and maintaining mutual agreements and arrangements between an organization and its key suppliers to ensure the continuity of their respective functions and processes in the event of a disruption. Bilateral continuity planning can help to reduce risks, costs, and dependencies, as well as to improve communication, coordination, and collaboration.
Verified References:
https://www.iso.org/publication/PUB100442.htmlhttps://phoenixnap.com/blog/what-is-business-continuity-mana
NEW QUESTION # 32
BIA helps you identify
- A. Critical services and products
- B. Critical interdependencies and interested parties
- C. Tangible and intangible impact of a disruption over period of time
- D. All of the above
Answer: D
Explanation:
Explanation
BIA helps to identify all of the above aspects of an organization's functions and processes. It helps to identify the critical services and products that the organization delivers to its customers and stakeholders, and the functions and processes that support them. It also helps to identify the critical interdependencies and interested parties that are involved in or affected by the organization's functions and processes, such as suppliers, partners, regulators, or employees. Moreover, it helps to identify the tangible and intangible impacts of a disruption tothe organization's functions and processes over a period of time, such as financial losses, reputational damage, legal liabilities, or customer dissatisfaction. Verified References:
https://www.ready.gov/business-impact-analysishttps://drii.org/resources/professionalpractices/EN
NEW QUESTION # 33
Which of the following are the four T's of risk guidance produced by by the Office of Government Commerce? (choose four)
- A. Title
- B. Tolerate
- C. Transfer
- D. Terminate
- E. Treat
- F. Technique
Answer: B,C,D,E
Explanation:
Explanation
The four T's of risk guidance produced by the Office of Government Commerce are transfer, tolerate, treat, and terminate. They are:
Transfer: This strategy involves transferring or sharing some or all of the responsibility or impact of a risk to another party, such as an insurer, a supplier, or a partner.
Tolerate: This strategy involves accepting or retaining a risk without taking any further action to reduce it, either because the risk level is acceptable or because the cost or effort of reducing it is not justified.
Treat: This strategy involves taking steps to reduce the likelihood or impact of a risk to an acceptable level, such as implementing controls, mitigations, or contingency plans.
Terminate: This strategy involves eliminating or avoiding a risk by discontinuing or changing the activity that causes it. Verified References: https://www.investopedia.com/terms/t/the-four-ts.asp
https://www.thebci.org/training-qualifications/good-practice-guidelines.html
NEW QUESTION # 34
BIA stands for
- A. Business Information Availability
- B. Business Importance and Availability
- C. Business Impact Analysis
- D. Business Improvement Activities
Answer: C
Explanation:
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 # 35
Which type of risk is related to human error or achievement?
- A. Strategic
- B. Operational
- C. Commercial
- D. Technical
Answer: B
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
Which type of risks result from business decisions that are influenced by changes in markets, liquidity changes and credit risks?
- A. Strategic
- B. Operational
- C. Technical
- D. Financial
Answer: D
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 # 37
Individual accountability for the management of the risk should be clearly established.
- A. False
- B. True
Answer: B
Explanation:
Explanation
Individual accountability for the management of the risk should be clearly established. This is true because accountability is one of the key principles of business continuity management. Accountability means that each person involved in the business continuity management program has a clear understanding of their roles and responsibilities, as well as the authorityand resources to perform them. Accountability also means that each person is held responsible for their actions and outcomes, and that they report on their performance and progress regularly. Verified References:
https://www.iso.org/publication/PUB100442.htmlhttps://phoenixnap.com/blog/what-is-business-continuity-mana
NEW QUESTION # 38
In pre-crisis management, CM activities are focused on prevention and preparedness activities.
- A. False
- B. True
Answer: B
Explanation:
Explanation
In pre-crisis management, CM activities are focused on prevention and preparedness activities. This is true because pre-crisis management is the phase before a crisis occurs, where theorganization tries to anticipate and avoid potential crises or reduce their likelihood and impact. Pre-crisis management involves activities such as risk assessment, business impact analysis, business continuity planning, contingency planning, crisis communication planning, training and awareness, testing and exercising, monitoring and reviewing. Verified References:
https://www.cisco.com/c/en/us/solutions/hybrid-work/what-is-business-continuity.htmlhttps://phoenixnap.com/b
NEW QUESTION # 39
Which certification centre provides the physical infrastructure?
- A. Facility
- B. Service
Answer: A
Explanation:
Explanation
A facility certification center is a center that provides the physical infrastructure for testing and certifying the functionality and performance of products, systems, or services. A facility certification center may have specialized equipment, tools, environments, or standards that can simulate real-world conditions or scenarios.
A facility certification center may also have qualified staff, experts, or auditors who can conduct the testing and certification process. Verified References:
https://www.iso.org/publication/PUB100442.htmlhttps://www.cisco.com/c/en/us/solutions/hybrid-work/what-is-
NEW QUESTION # 40
......
Enhance your career with CBCP-002 PDF Dumps - True GAQM Exam Questions: https://www.verifieddumps.com/CBCP-002-valid-exam-braindumps.html
New Download free CBCP-002 PDF for GAQM Practice Tests: https://drive.google.com/open?id=1TQEOynmdB7dr9ygHHGhpdu-Ew9A5XZA4
