Master CIPS L5M2 Exam with Reliable Practice Questions
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In which of the following industries is it common to find dedicated resource for risk management?
Correct : A
Banking and Insurance industries usually have a dedicated resource. This mean people working within the company are dedicated to this role (as opposed to using a third party). P. 146
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Who takes ownership for a Business Continuity Plan?
Correct : A
A Business Continuity Plan is held at the top level. See p. 155
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Which of the following statements is true about a Disaster Recovery Plan? Select TWO
Correct : B, D
Answers 2 and 4 are correct. A Business Continuity Plan is held at the top level, not a disaster recovery plan. This can be held at the department level- or whoever would have the ability to enact this if a disaster were to happen. A company is likely to have several Disaster Recovery Plans for different departments and different scenarios so several people within the organisation may be accountable for these. Option 3 is incorrect as the focus is on recovering systems (e.g. getting people back online) not on profit. P.155
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Which of the following will you put into box 2?
Correct : C
The correct answers are as follows:
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Which of the following will you put into box 2?
Correct : B
The correct answers are as follows:
Cashflow issues can lead to serious financial problems and the company going bust. Therefore this risk must be treated.
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