All of the following statements are true about a member firm's Business Continuity Plan EXCEPT the BCP must: A address how the member firm would deal with a significant business disruption B include scenarios of increasing severity and how the member plans to respond C be provided to any new customer at account opening D be provided to customers every 36 months after the account is opened

Answers

Answer 1

Answer:

D. be provided to customers every 36 months after the account is opened

Explanation:

business continuity plan can be regarded as system of procedures of organization that is aim to restore critical business functions whenever the situation of of unplanned disaster events surface. These disasters could be service outages as well as natural disasters and other potential threats. It is the the capability that an organisation could have to be able to continue the delivery of products/services following a disruptive incident at pre-defined acceptable levels.

It should be noted that For a member firm's Business Continuity Plan , the BCP must;

✓ be provided to any new customer at account opening

✓ address how the member firm would deal with a significant business disruption

✓ include scenarios of increasing severity and how the member plans to respond


Related Questions

Summary of accounting chapter 1

Answers

Answer:

Chapter 1 introduces the study of accounting. Accounting is defined as a set of concepts and techniques that are used to measure and report financial information about an economic entity. Accounting consists of both external reporting issues known as “financial accounting,” and internal reporting issues related to “managerial accounting.”

Explanation:

Gross domestic product refers to Multiple Choice the difference between all domestic exports and imports for any nation during the course of one fiscal year. the monetary value of all products and services produced in a country during one year. the monetary value of all domestic exports of a nation during one year. the monetary value of all domestic imports of a nation during one year. the monetary value of all products and services produced by a single manufacturer during one year.

Answers

Answer:

the monetary value of all products and services produced in a country during one year.

Explanation:

Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).

Hence, gross domestic product refers to the monetary value of all products and services produced in a country during one year.

In conclusion, the Gross Domestic Products (GDP) of a country's economy gives an insight to it's social well-being.

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