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GAQM Certified Business Continuity Professional (CBCP) Sample Questions:

1. Which risk group is associated with risk of physical assets failing/being damaged or enhanced?

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

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

A) True
B) False

3. Damage assessment includes all but which of the following steps?

A) Estimate the time it will take to restore critical business functions.
B) Identifying the affected business functions.
C) Having the insurance company declare the total extent of the damages.
D) Evaluating the time to restore operations and if greater than the MTD, a disaster should be declared and BCP enacted

4. Which control mechanism is the process by which an organization reduces the likelihood of a risk event occurring or mitigates the effects should it occur?

A) Risk avoidance
B) Risk variation
C) Risk control
D) Risk collision

5. Risk ownership must be clearly set out, documented and agreed with the individual owners at all levels of the operational risk management process.

A) True
B) False

Solutions: