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GAQM Certification
CBCP-002 Exam
GAQM.CBCP-002.v2025-09-01.q29 Dumps

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Question 6

Individual accountability for the management of the risk should be clearly established.

A.True
B.False

Correct Answer: A

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

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Question 7

A formal "disaster" can only be declared by the firm owners or by the IT Department Manager.

A.True
B.False

Correct Answer: B

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-a

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Question 8

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

Correct Answer: A

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

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Question 9

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

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

Correct Answer: B

Technical risk is the type of risk that is associated with risk of physical assets failing/being damaged or enhanced. Technical risk is the uncertainty or variability of the performance or reliability of physical assets, such as equipment, systems, infrastructure, or data. Technical risk can result from factors such as design flaws, manufacturing defects, maintenance issues, obsolescence, human error, natural disasters, or cyberattacks. Technical risk can affect an organization's operational efficiency, quality, safety, security, or profitability. Verified References: https://www.investopedia.com/terms/t/technical-risk.asphttps://www.thebci.
org/training-qualifications/good-practice-guidelines.html

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Question 10

Damage assessment includes all but which of the following steps?

A.Identifying the affected business functions.
B.Estimate the time it will take to restore critical 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

Correct Answer: C

Explanation
Damage assessment is the process of evaluating the extent and severity of the damage caused by a disruption to an organization's facilities, equipment, systems, data, records, or personnel. It includes identifying the affected business functions and processes, estimating the time it will take to restore them to normal or acceptable levels of operation, and evaluating whether the recovery time exceeds the maximum tolerable downtime (MTD) for each function or process. If so, a disaster should be declared and the business continuity plan should be activated. Having the insurance company declare the total extent of the damages is not part of the damage assessment process, as it may take longer than the MTD and may not reflect the operational impact of the damage. Verified References:
https://www.fema.gov/pdf/emergency/nims/Damage_Assessment.pdfhttps://drii.org/resources/professionalpracti

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