Unit 15 - Work effectively in a business continuity context

The medium to long term plan through which an organisation aims to attain its objectives......

• Objectives

• Strategy

• Strategic Drift

• Targets

Is based around a formal process of setting corporate objectives and developing a coherent business strategy designed to achieve those objectives with the resources available .......

• Planned Strategy

• Emergent Strategy

• Strategic Drift

• Contingency Plan

Which of the following is not one of the important parts that an organization can’t afford to lose?

• Premises

• People

• Information

• Tables

Which of the following is a man-made deliberated hazard?

• Flooding

• Fire

• Fraud

• Ice Storm

What are the benefits of business continuity plan? (2 answers)

• Retain key employees

• Loss of research

• Loss of data

• Help ensure the safety of employees

What are the function of finance department in any organization? ( 3 answers)

• effectively managing its assets and liabilities

• management of transactions of low value,

• massive use of the capital and liabilities of the company,

• keeping the cost of liabilities to a minimum possible extent,

• maintaining higher profitability,

Which of the following is a reason for financial problems?

• old governmental regulations,

• strict legal compliances

• poor economic performance

• environmental reasons,

What does operational risk involves?

• building damage and systems failure,

• liquidity risk and foreign exchange risk

• macro-economic performance and new legislation

• change of government

What does security statues stands for?

• enforces enterprises to practice risk management in order to reduce the overall risk

• Maintenance, retention and disposition of records (physical and electronic) for a specified period of time.

• specific laws to prevent any workplace hazards

• enforces laws relating to cyber security, prevention of cyber-crimes and frauds

Which of the following cases will require applying lock-up plan?

• Terrorist attack

• Hurricane

• Fire

• Flood