Back2Basics: Business Continuity & Succession Planning

Quiz Summary

0 of 10 Questions completed

Questions:

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 10 Questions answered correctly

Your time:

You have reached 0 of 0 point(s), (0)

Question 1 of 10

1. Question
1. When deciding what types of disruptions to plan for as part of business continuity management:
A. Banks should strictly follow the fixed list of potential disruptions named in the guidance
Correct Incorrect Correct answer

B. Banks are only required to prepare for events that have occurred within the past 20 years
Correct Incorrect Correct answer

C. Banks should identify the disruptions that would pose the most risk to the institution, based on both likelihood and potential impact, and develop strategies for those types of events
Correct Incorrect Correct answer

D. The expectation is that banks will consider only events that would involve a disruption to technology services
Correct Incorrect Correct answer
Correct

Incorrect
Question 2 of 10

2. Question
1. The purpose of business continuity management is to:
A. Minimize harm to the bank’s reputation
Correct Incorrect Correct answer

B. Reduce the risk of service disruptions
Correct Incorrect Correct answer

C. Protect bank assets
Correct Incorrect Correct answer

D. Ensure the physical safety of employees, customers, and the public
Correct Incorrect Correct answer

E. All of the above
Correct Incorrect Correct answer
Correct

Incorrect
Question 3 of 10

3. Question
1. The last update to the FFIEC Exam Manual:
A. Happened in 2019
Correct Incorrect Correct answer

B. Incorporated post-pandemic changes in guidance
Correct Incorrect Correct answer

C. Completely revamped the framework for business continuity management
Correct Incorrect Correct answer

D. Included no changes as compared to the previous edition
Correct Incorrect Correct answer
Correct

Incorrect
Question 4 of 10

4. Question
1. Who within the bank is responsible for allocating resources to business continuity management planning?
A. Executive Management
Correct Incorrect Correct answer

B. Board of Directors
Correct Incorrect Correct answer

C. Accounting
Correct Incorrect Correct answer

D. Compliance
Correct Incorrect Correct answer
Correct

Incorrect
Question 5 of 10

5. Question
1. A business impact analysis:
A. Is the process of assessing damage to the institution after a disruption occurs
Correct Incorrect Correct answer

B. Focuses exclusively on damage arising from technology failures
Correct Incorrect Correct answer

C. Should be kept confidential outside the bank’s Board and/or BCM Committee
Correct Incorrect Correct answer

D. All of the above
Correct Incorrect Correct answer

E. None of the above
Correct Incorrect Correct answer
Correct

Incorrect
Question 6 of 10

6. Question
1. During a large-scale disruption such as a natural disaster :
A. Customers may not be able to access their identifying documents to prove their identity
Correct Incorrect Correct answer

B. Payment systems could fail, leading to an increase in customer demand for cash
Correct Incorrect Correct answer

C. Vendors that deliver cash to branches may not be able to operate normally
Correct Incorrect Correct answer

D. All of the above
Correct Incorrect Correct answer

E. None of the above
Correct Incorrect Correct answer
Correct

Incorrect
Question 7 of 10

7. Question
1. Incident response:
A. Is the same thing as business continuity management
Correct Incorrect Correct answer

B. Is older terminology that is no longer used in business continuity management
Correct Incorrect Correct answer

C. Refers to the initial actions taken to stabilize a disruption or disaster situation
Correct Incorrect Correct answer

D. Refers to the process of reviewing an event after the fact to determine how to improve the bank’s business continuity plan
Correct Incorrect Correct answer
Correct

Incorrect
Question 8 of 10

8. Question
1. In business continuity planning, an RTO is:
A. The time goal the bank sets as the time in which its plan should enable it to recover
Correct Incorrect Correct answer

B. The maximum amount of time that systems can be down before suffering unacceptable or unbearable consequences
Correct Incorrect Correct answer

C. The time gap between the disruption event and the time/date of the back up to which the bank will restore its system
Correct Incorrect Correct answer

D. The maximum amount of time that employees can operate out of an offsite location
Correct Incorrect Correct answer
Correct

Incorrect
Question 9 of 10

9. Question
1. A tabletop exercise:
A. Is just as effective as a full scale exercise
Correct Incorrect Correct answer

B. Can be used to test participants’ understanding of their roles and responsibilities within the plan
Correct Incorrect Correct answer

C. Will confirm the functionality of technological recovery tools
Correct Incorrect Correct answer

D. Happens over a realistic time period
Correct Incorrect Correct answer
Correct

Incorrect
Question 10 of 10

10. Question
1. Regulatory guidance on succession planning focuses specifically on:
A. Directors
Correct Incorrect Correct answer

B. Shareholders
Correct Incorrect Correct answer

C. Executive Management
Correct Incorrect Correct answer

D. All of the above
Correct Incorrect Correct answer
Correct

Incorrect

Quiz for Back2Basics: Business Continuity & Succession Planning

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question

7. Question

8. Question

9. Question

10. Question

Our Story

Our Services

Tools

Laws & Regulations

Media Center