Ch. 3- Business Continuity Planning questions with correct answers

B. The business organization analysis helps the initial planners select appropriate BCP team members and then guides the overall BCP process. - Answer What is the first step that individuals responsible for the development of a business continuity plan should perform? A. BCP team selection B. Business organization analysis C. Resource requirements analysis D. Legal and regulatory assessment B. The first task of the BCP team should be the review and validation of the business organization analysis initially performed by those individuals responsible for spearheading the BCP effort. This ensures that the initial effort, undertaken by a small group of individuals, reflects the beliefs of the entire BCP team. - Answer Once the BCP team is selected, what should be the first item placed on the team's agenda? A. Business impact assessment B. Business organization analysis C. Resource requirements analysis D. Legal and regulatory assessment C. A firm's officers and directors are legally bound to exercise due diligence in conducting their activities. This concept creates a fiduciary responsibility on their part to ensure that adequate business continuity plans are in place. - Answer What is the term used to describe the responsibility of a firm's officers and directors to