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GAQM Certified Business Continuity Professional (CBCP) Sample Questions (Q16-Q21):

NEW QUESTION # 16
Which type of risks result from business decisions that are influenced by changes in markets, liquidity changes and credit risks?

A. Technical
B. Financial
C. Operational
D. Strategic

Answer: B

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 # 17
Which of the following four are action approach crisis and post-crisis management? (Choose four R's)

A. Rustic
B. Readiness
C. Recovery
D. Rss Feed
E. Reduction
F. Response

Answer: B,C,E,F

Explanation:
The four R's are action approaches for crisis and post-crisis management. They are:
* Reduction: This approach aims to prevent or mitigate the occurrence or impact of a crisis by identifying and addressing the root causes, vulnerabilities, and risks.
* Readiness: This approach aims to prepare for a potential crisis by developing plans, policies, procedures, systems, teams, and resources that can enable a timely and effective response.
* Response: This approach aims to manage a crisis by activating the plans, policies, procedures, systems, teams, and resources that can contain, control, and resolve the situation.
* Recovery: This approach aims to restore normal operations after a crisis by implementing actions that can repair damages, restore functions and processes, resume services and products, recover losses, and learn lessons. Verified References: https://www.cisco.com/c/en/us/solutions/hybrid-work/what-is- business-continuity.html https://phoenixnap.com/blog/what-is-business-continuity-management

NEW QUESTION # 18
When should the Business Continuity Planning be reviewed?

A. At least annually or whenever significant changes occur
B. Whenever encountering a disaster
C. Whenever the legal department declares it is time
D. Whenever the company gets audited

Answer: A

Explanation:
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 # 19
Which statement is authorized at an appropriate level and should codify the company's attitude to a particular risk?

A. Process Document
B. Policy Statement
C. QMS Document
D. Privacy Statement

Answer: B

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 # 20
In the event of a disaster that destroys the physical office site operations will be relocated to a temporary site.

A. True
B. False

Answer: A

Explanation:
Explanation
In the event of a disaster that destroys the physical office site operations will be relocated to a temporary site.
This is true because one of the recovery strategies for a disaster is to have an alternate site where the critical functions and processes can be resumed until the primary site is restored or replaced. The alternate site can be a pre-arranged location, such as a rented office space, a hotel, or another branch of the same organization, or a mobile facility, such as a trailer or a container. The alternate site should have the necessary equipment, systems, data, and resources to support the continuity of the business. Verified References:
https://www.ready.gov/business-continuity-planhttps://www.csoonline.com/article/515730/business-continuity-a

NEW QUESTION # 21
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Get GAQM CBCP-002 Exam Questions For Quick Preparation [2025]

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GAQM Certified Business Continuity Professional (CBCP) Sample Questions (Q16-Q21):

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