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The CBCP-002 Certification Exam is designed to test a candidate's understanding of the principles of business continuity planning, risk management, and disaster recovery. CBCP-002 exam covers a wide range of topics, including business impact analysis, crisis management, emergency response procedures, and communication strategies.
The CBCP certification is globally recognized, and it demonstrates that holders have the necessary skills, knowledge, and experience to manage the continuity and resiliency of an organization. Certified professionals are also better equipped to design, implement, and maintain effective business continuity plans in various industries, including financial services, healthcare, legal, and many others. Certified Business Continuity Professional (CBCP) certification is a badge of honor for organizations that value resilience, recoverability, and disaster readiness in their workforce and employees.
GAQM Certified Business Continuity Professional (CBCP) Sample Questions (Q23-Q28):
NEW QUESTION # 23
Which of the following are the four T's of risk guidance produced by by the Office of Government Commerce? (choose four)
Answer: A,C,E,F
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 # 24
Which register maintains information on all the identified risks relating to an organization?
Answer: C
Explanation:
Explanation
A risk register is a register that maintains information on all the identified risks relating to an organization. A risk register is a document or a tool that records and tracks the details of each risk, such as its description, source, impact, likelihood, rating, owner, status, response strategy, action plan, and monitoring method. A risk register is a useful tool for managing risks and communicating them to stakeholders. Verified References:
https://www.investopedia.com/terms/r/risk-register.asphttps://www.thebci.org/training-qualifications/good-pract
NEW QUESTION # 25
Which type of risk occurs due to volatile environments in which businesses operate and the nature of their operations?
Answer: A
Explanation:
Business risk is the risk of loss or damage to an organization's performance, reputation, assets, or stakeholders due to internal or external factors that affect its ability to achieve its objectives. Business risk can arise from various sources, such as market conditions, customer preferences, competition, technology, regulation, compliance, operations, finance, human resources, or natural disasters. Business risk can have a direct or indirect impact on an organization's profitability, growth, sustainability, or continuity. Verified References: https://www.investopedia.com/terms/b/businessrisk.asphttps://www.thebci.org/training- qualifications/good-practice-guidelines.html
NEW QUESTION # 26
Which risk group is associated with risk of physical assets failing/being damaged or enhanced?
Answer: C
Explanation:
Technical risk is the type of risk that is associated with risk of physical assets failing/being damaged or enhanced. Technical risk is the uncertainty or variability of the performance or reliability of physical assets, such as equipment, systems, infrastructure, or data. Technical risk can result from factors such as design flaws, manufacturing defects, maintenance issues, obsolescence, human error, natural disasters, or cyberattacks. Technical risk can affect an organization's operational efficiency, quality, safety, security, or profitability. Verified References: https://www.investopedia.com/terms/t/technical-risk.asphttps://www.thebci.
org/training-qualifications/good-practice-guidelines.html
NEW QUESTION # 27
Tolerating risk is where no action is taken to mitigate or reduce a risk.
Answer: B
Explanation:
Explanation
Tolerating risk is where no action is taken to mitigate or reduce a risk. This is true because tolerating risk is one of the possible strategies for managing risk. Tolerating risk means 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. Tolerating risk may be appropriate for low-priority or low-impact risks that do not pose a significant threat to the organization's objectives. Verified References:
https://www.investopedia.com/terms/t/the-four-ts.asphttps://www.thebci.org/training-qualifications/good-practic
NEW QUESTION # 28
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