business continuity Questions and Answers Graded A+

business continuity Questions and Answers Graded A+ All that Apply Select all that apply. Examples of different testing methodologies of your institution's BCP include: Tabletop exercise Walk-through simulation Functional drill test Full interruption test Incorrect. The correct answers are A, B, C, and D. Multiple Choice "Business continuity" refers to your institution's: "Ability to effectively respond to a business interruption and return to performing its critical functions in an acceptable amount of time." Multiple Choice The BCP process is best implemented using a: Theoretical-oriented approach One size-fits-all approach Risk-based approach None of the above Incorrect. The correct answer is "None of the above." Multiple Choice Your institution must comply with strict business continuity regulatory requirements that are detailed in the: Federal Financial Institutions Examination Council (FFIEC) BCP Handbook True or False Disaster recovery, unlike business continuity, specifically addresses the IT infrastructure, such as networks, file servers, network equipment, network service providers, and software programs. True True or False Although each business unit has its own BCP and is responsible for maintaining its plan and participating in testing, all business units must comply with your institution's BCP requirements. True Multiple Choice ___________ involves the preparation of plans, allocation of resources, and the implementation of processes so that your institution can recover quickly and safely from an interruption. Business continuity management True or False Calls from a call tree can be initiated via automated dialing software or by individuals. True Multiple Choice The damage assessment and security team has many responsibilities, such as: Identifying the extent of the damage, determining staff availability, assessing operational capabilities, and identifying software problems True or False Your institution's BCP needs to be documented in a written program, based on a comprehensive business impact analysis and risk assessment, and effective in minimizing service disruptions and financial loss through the implementation of mitigation strategies. True True or False To ensure that everyone has evacuated safely, each staff member is responsible for communicating with his or her manager once he or she has arrived at the midday evacuation site. True Multiple Choice Which step of the BCP process prioritizes potential business disruptions based upon their severity, which is determined by their impact on operations and the probability of occurrence? Risk assessment Multiple Choice What two elements create the foundation of a business continuity plan? Risk assessment and business impact analysis