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GAQM Certified Business Continuity Professional (CBCP) Sample Questions (Q31-Q36):
NEW QUESTION # 31
Which of the following are three components of business continuity plan? (Choose three)
- A. Emergency response
- B. Problem management
- C. Incident management
- D. Business recovery
- E. Disaster recovery
Answer: A,D,E
Explanation:
A Business Continuity Plan (BCP) is designed to ensure an organization can maintain or resume critical functions during and after a disruption. According to Business Continuity Professional standards, such as those from DRI International and ISO 22301, the BCP typically encompasses three core components that address different phases of response and recovery:
* A. Emergency response: This component focuses on the immediate actions taken during a disruption (e.g., evacuation, safety measures, and initial coordination). It is a foundational part of the BCP, ensuring personnel and asset safety as a prerequisite to continuity and recovery efforts.
* B. Incident management: While incident management (handling and resolving incidents) is critical in broader crisis management frameworks, it is often considered a distinct process under an Incident Response Plan (IRP) rather than a core BCP component. It overlaps with BCP but is not universally listed as one of the three primary elements.
* C. Problem management: This is an IT service management process (e.g., under ITIL) focused on identifying and resolving the root causes of incidents. It is not a standard component of a BCP, which prioritizes continuity and recovery over long-term problem resolution.
* D. Business recovery: This involves restoring critical business functions and processes after a disruption, ensuring the organization can resume normal operations. It is a central pillar of the BCP, addressing recovery time objectives (RTOs) and operational continuity.
* E. Disaster recovery: This focuses on recovering IT systems, data, and infrastructure following a disaster. Often integrated into the BCP, it ensures technological continuity, making it a key component alongside business recovery and emergency response.
The verified answer isA. Emergency response, D. Business recovery, E. Disaster recovery, as these three components collectively cover the lifecycle of a BCP-immediate response, business function restoration, and IT recovery-per established standards. While incident management is related, it is typically supplementary rather than a core BCP element when narrowed to three components.
References:
* DRI International Professional Practices for Business Continuity Management (2023), Section 6:
Business Continuity Plan Development - Identifies emergency response, business recovery, and disaster recovery as key BCP components.
* ISO 22301:2019, Clause 8.4 - Outlines planning for response (emergency), continuity (business recovery), and IT recovery (disaster recovery) as integral to BCP.
NEW QUESTION # 32
Which type of management is an often used term, but has so many different connotations to different people that invariably the message of its meaning gets confused?
- A. Technical
- B. Functional
- C. Operational
- D. Strategic
Answer: D
Explanation:
Strategic management is the type of management that is an often used term, but has so many different connotations to different people that invariably the message of its meaning gets confused. Strategic management is the process of defining and executing the long-term vision, goals, plans, and actions of an organization. Strategic management involves analyzing the internal and external environment, formulating strategies, implementing them, and evaluating their outcomes. Strategic management can be complex and challenging, as it requires alignment and integration of various aspects of the organization, such as culture, structure, resources, capabilities, stakeholders, markets, competitors, or regulations. Verified References:
https://www.investopedia.com/terms/s/strategic-management.asp https://phoenixnap.com/blog/what-is- business-continuity-management
NEW QUESTION # 33
Individual accountability for the management of the risk should be clearly established.
- A. True
- B. False
Answer: A
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 authority and 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 progressregularly. Verified References: https://www.iso.org/publication/PUB100442.htmlhttps://phoenixnap.
com/blog/what-is-business-continuity-management
NEW QUESTION # 34
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 # 35
Which type of risks result from business decisions that are influenced by changes in markets, liquidity changes and credit risks?
- A. Financial
- B. Technical
- C. Strategic
- D. Operational
Answer: A
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 # 36
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