Practice Quiz

Business Continuity Professional Exam Prep - Question List

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16. While preparing your risk responses, additional risks are identified. What is correct course of action?
  1. Add reserves to the business continuity project to accommodate the new risks and notify management
  2. Document risk items and calculate expected monetary value based on probability and impact that result from the occurrences
  3. Determine the risk events and associated cost. Then add the cost to project budget as reserve
  4. Add contingency amount to the budget and notify customers.
  5. All of the above
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17. What is the key to data collection via interviews in the BIA process?
  1. Meet with as many people as possible
  2. Consistent format
  3. Never be late
  4. Video tape the interview
  5. Use a tabletop exercise
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18. Annualized rate of occurrence (ARO) is a measure of the magnitude of loss or impact on the value of an asset. It is expressed as a percent of asset value loss arising from a threat event.
  1. True
  2. False
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19. A problem with risk management at large firms is that it is often:
  1. Completely ignored
  2. Siloed
  3. Too frequent
  4. Too aggressive
  5. All of the above
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20. Jerry was in the midst of assessing his risk for a project at a well-known real estate firm when the stock market collapsed, sending shockwaves throughout his company and his project. The market crashing can be classified as what type of risk:
  1. Foreseeable
  2. Internal
  3. Technical
  4. External
  5. Unimaginable
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