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NEW QUESTION # 35
A formal "disaster" can only be declared by the firm owners or by the IT Department Manager.
Answer: A
Explanation:
A formal "disaster" can only be declared by the firm owners or by the IT Department Manager. This is false because a formal "disaster" can be declared by any authorized person who has the responsibility and authority to activate the business continuity and disaster recovery plan. The authorized person may vary depending on the type, scope, and severity of the disaster, but it should be clearly defined in the plan who can declare a disaster and under what circumstances. The authorized person should also communicate the declaration of a disaster to all relevant stakeholders, such as employees, customers, suppliers, partners, regulators, media, or the public. Verified References: https://www.ready.gov/business-continuity-planhttps://www.csoonline.com
/article/515730/business-continuity-and-disaster-recovery-planning-the-basics.html
NEW QUESTION # 36
Individual accountability for the management of the risk should be clearly established.
Answer: A
Explanation:
Individual accountability for the management of the risk should be clearly established. This is true because accountability is one of the key principles of business continuity management. Accountability means that each person involved in the business continuity management program has a clear understanding of their roles and responsibilities, as well as the authority and resources to perform them. Accountability also means that each person is held responsible for their actions and outcomes, and that they report on their performance and progressregularly. Verified References: https://www.iso.org/publication/PUB100442.htmlhttps://phoenixnap.
com/blog/what-is-business-continuity-management
NEW QUESTION # 37
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?
Answer: B
Explanation:
Risk control is the control mechanism that is the process by which an organization reduces the likelihood of a risk event occurring or mitigates the effects should it occur. Risk control is the process of implementing measures or actions to modify or influence the risk level of an organization. Risk control can involve various strategies, such as avoidance, reduction, transfer, sharing, retention, or acceptance. Risk control can help to improve the organization's resilience and performance. Verified References: https://www.investopedia.com
/terms/r/risk-control.asphttps://www.thebci.org/training-qualifications/good-practice-guidelines.html
NEW QUESTION # 38
Risk ownership must be clearly set out, documented and agreed with the individual owners at all levels of the operational risk management process.
Answer: A
Explanation:
Risk ownership must be clearly set out, documented and agreed with the individual owners at all levels of the operational risk management process. This is true because risk ownership is one of the key principles of business continuity management. Risk ownership means that each risk has a designated person who is responsible and accountable for its identification, assessment, treatment, monitoring, and reporting. Risk owners should have the authority and resources to manage their risks effectively and efficiently. Verified References: https://www.iso.org/publication/PUB100442.htmlhttps://www.thebci.org/training-qualifications
/good-practice-guidelines.html
NEW QUESTION # 39
Which type of management is an often used term, but has so many different connotations to different people that invariably the message of its meaning gets confused?
Answer: A
Explanation:
Explanation
Strategic management is the type of management that is an often used term, but has so many different connotations to different people that invariably the message of its meaning gets confused. Strategic management is the process of defining and executing the long-term vision, goals, plans, and actions of an organization. Strategic management involves analyzing the internal and external environment, formulating strategies, implementing them, and evaluating their outcomes. Strategic management can be complex and challenging, as it requires alignment and integration of various aspects of the organization, such as culture, structure, resources, capabilities, stakeholders, markets, competitors, or regulations. Verified References:
https://www.investopedia.com/terms/s/strategic-management.asp
https://phoenixnap.com/blog/what-is-business-continuity-management
NEW QUESTION # 40
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