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GAQM Certified Business Continuity Professional (CBCP) Sample Questions:

1. Which system in place enables you to balance risk and entrepreneurial energy with appropriate internal control procedures to manage that risk?

A) Auditing Report
B) Banking System
C) Corporate Governance
D) Quality Management System

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

A) False
B) True

3. 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 collision
B) Risk variation
C) Risk control
D) Risk avoidance

4. Risks are diverse and arise from both external and internal sources.

A) False
B) True

5. When should the Business Continuity Planning be reviewed?

A) Whenever the legal department declares it is time
B) Whenever the company gets audited
C) At least annually or whenever significant changes occur
D) Whenever encountering a disaster

Solutions: