Quiz 3

Which one of the following BIA terms identifies the amount of money a business expects to lose a given risk each year?

You concerned about the risk that an avalanche poses to your $3 million shipping facility. Base on expert opinion, you determine that there is a 5 percent chance that an avalanche will occur each year. Experts advise you that an avalanche would completely destroy your building and require you to rebuild on the same land. Ninety percent of the $3 million value of the facility is attributed to the building and 10 percent is attributed to the land itself. What is the single loss expectancy of your shipping facility to avanlaches?

You are concerned about the risk that a hurricane poses to your corporate headquarters in South Florida. The building itself is valued at $ 15 million. After consulting with the National Weather Service, you are determined that there is a 10 percent likelihood that a hurricane will strike over the course of a year. You hired a team of architects and engineers who determined that the average hurricane would destroy approximately 50 percent of the building. What is the annualized loss of expectancy (ALE)?

Which task of BCP bridges the gap between the business impact assessment and the continuity planning phases?

Which resource should you protect first when designing continuity plan provisions and processes?

Lighter than Air Industries expects that it would lost $10 million if a tornado struck its aircraft operations facility. It expects that a tornado might strike the facility once every 100 years. What is the single loss expectancy for this scenario?

In which business continuity planning task would you actually design procedures and mechanisms to mitigate risks deemed unacceptable by the BCP team?

What type of plan outlines the procedures to follow hen a disaster interrupts the normal operations of a business?

Of the individuals listed, who would provide the best endorsement for a business continuity plan's statement of importance?