AFP Certified Treasury Professional CTP Question # 413 Topic 19 Discussion

AFP Certified Treasury Professional CTP Question # 413 Topic 19 Discussion

CTP Exam Topic 19 Question 413 Discussion:
Question #: 413
Topic #: 19

A treasurer has a critical acquisition for which a wire must be sent by a certain time or the acquisition will fall through. In the event the web portal through which wires are sent is down, the treasury staff is authorized to initiate and release wires by phone with the bank. Two weeks prior to the acquisition, the treasurer decides to make a wire payment by phone, even though the web portal is functioning. This is an example of which stage of developing a business continuity plan?


A.

Creating a communication plan


B.

Performing periodic testing


C.

Identifying mission-critical functions


D.

Selecting a business continuity team


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