Practice Quiz

Business Continuity Professional Exam Prep - Question List

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21. Which of the following could be an example of hedging? Select all that apply:
  1. Buying oil futures
  2. Hiring a strategy consultant
  3. Protecting against fluctuating exchange rates
  4. Changing back-office processors
  5. Playing two hands of blackjack at once
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22.

Ted is negotiating a 10-year contract with the U.S. government to provide educational services. The government wants a fixed price project. However, Ted is extremely concerned about the possibility of inflation given the increase in government spending. Ted should suggest what time of contract?

  1. Cost plus fee
  2. Cost plus fixed fee
  3. Cost plus incentive fee
  4. Time and material
  5. Fixed price with economic price adjustment
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23. True or false: Reducing inventory levels reduces risk.
  1. True
  2. False
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24. According to the DRI Professional Practices, what are the 3 criteria to be used to identify alternative facility and offsite requirements?
  1. Facilities
  2. Cost
  3. Communicatons
  4. Personnel
  5. Utilities
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25. What are some ways to manage manufacturing site risk?
  1. Utilize distributed processing
  2. Third party manufacturers
  3. Alternate source of product
  4. Multiple suppliers
  5. Upgrade facilities
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