Chapter Quiz: Business Impact Analysis and Risk Assessment

What is the primary purpose of Business Impact Analysis (BIA)?

What is the first step in the BIA process?

Which of the following is NOT typically assessed in a Business Impact Analysis?

What does Risk Assessment involve?

What is the Risk Impact and Likelihood Matrix used for?

What is a key goal of risk mitigation strategies?

What is the purpose of Recovery Time Objectives (RTO)?

What is residual risk?

Which of the following is a common risk mitigation strategy?

Why is it important to integrate BIA and risk assessment into business continuity planning?

Business Impact Analysis is only focused on identifying financial risks.

Risk assessment helps organizations evaluate the likelihood and impact of potential risks.

Recovery Time Objectives (RTO) define the maximum allowable downtime for each critical function.

Risk mitigation strategies should aim to completely eliminate all risks.

Residual risk is the risk that remains after all possible mitigation measures have been applied.