Business Impact Analysis

What is Business Impact Analysis (BIA)?

• An analysis of an organization's supply chain

• An analysis of an organization's financial statements

• An analysis of an organization's critical business functions and their potential impacts

• An analysis of an organization's customer base

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

• To identify potential risks and threats to an organization

• To assess the potential impact of a disruption to critical business functions

• To develop strategies for managing risks and disruptions

• All of the above

Which of the following is a critical element of a Business Impact Analysis?

• Assessing the financial performance of an organization

• Assessing the market demand for an organization's products or services

• Identifying critical business functions and processes

• Identifying potential competitors

Which of the following is an example of a critical business function?

• Payroll processing

• Social media management

• Employee training

• None of the above

What is a Recovery Time Objective (RTO)?

• The amount of time it takes to recover critical business functions after a disruption

• The amount of time it takes to assess the impact of a disruption

• The amount of time it takes to repair physical damage to an organization's facilities

• None of the above

What is a Recovery Point Objective (RPO)?

• A. The amount of time it takes to recover critical business functions after a disruption

• B. The amount of data loss an organization can tolerate

• C. The amount of time it takes to repair physical damage to an organization's facilities

• D. None of the above

Which of the following is an example of a dependency that can impact critical business functions?

• A. A key employee's absence

• B. A network outage

• C. A competitor's marketing campaign

• D. None of the above

What is a risk assessment?

• A. An assessment of an organization's financial performance

• B. An assessment of an organization's legal compliance

• C. An assessment of potential risks and threats to an organization

• D. None of the above

What is the first step in conducting a Business Impact Analysis?

• A. Identifying critical business functions and processes

• B. Assessing the financial performance of an organization

• C. Conducting a risk assessment

• D. None of the above

Which of the following is a potential impact of a disruption to critical business functions?

• A. Financial loss

• B. Legal liability

• C. Reputation damage

• D. All of the above