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Exam Code: CBCP-002

Exam Name: Certified Business Continuity Professional (CBCP)

Certification Provider: GAQM

Related Certification: Certified Business Continuity Professional (CBCP)

CBCP-002 Certified Business Continuity Professional (CBCP)
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NEW QUESTION: 1
What are the three components of an Agile Project Charter? (Choose three.)
A. Scope
B. Vision
C. Mission
D. Success Criteria
E. Risks
F. Objectives
Answer: B,C,D

NEW QUESTION: 2
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with Quo's president and outside accountants, made changes in accounting policies, corrected several errors dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List A represents possible clarifications of these transactions as: a change in accounting principle, a change in accounting estimate, a correction of an error in previously presented financial statements, or neither an accounting change nor an accounting error.
Item to Be Answered
Quo changed from LIFO to FIFO to account for its finished goods inventory.
List A (Select one)
A. Correction of an error in previously presented financial statements.
B. Neither an accounting change nor an accounting error.
C. Change in accounting principal.
D. Change in accounting estimate.
Answer: C


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