New CBCP-002 Exam Duration - Valid CBCP-002 Test Questions

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GAQM Certified Business Continuity Professional (CBCP) Sample Questions (Q39-Q44):

NEW QUESTION # 39
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 Ethical Planning
B. Business Continuity Planning
C. Business Contingency Planning
D. Business Process Planning

Answer: B

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 # 40
Tolerating risk is where no action is taken to mitigate or reduce a risk.

A. False
B. True

Answer: B

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-practice-guidelines.html

NEW QUESTION # 41
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 Ethical Planning
B. Business Continuity Planning
C. Business Contingency Planning
D. Business Process Planning

Answer: B

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 # 42
Which register maintains information on all the identified risks relating to an organization?

A. Crisis register
B. Memory Data Register
C. Index register
D. Risk register

Answer: D

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- practice-guidelines.html

NEW QUESTION # 43
Which type of risks result from business decisions that are influenced by changes in markets, liquidity changes and credit risks?

A. Financial
B. Strategic
C. Technical
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 # 44
......

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New CBCP-002 Exam Duration - Valid CBCP-002 Test Questions

Accurate 100% Free CBCP-002 – 100% Free New Exam Duration | Valid CBCP-002 Test Questions

GAQM Certified Business Continuity Professional (CBCP) Sample Questions (Q39-Q44):

Hot New CBCP-002 Exam Duration | Valid GAQM Valid CBCP-002 Test Questions: Certified Business Continuity Professional (CBCP)

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