Business Continuity Relates To

question 13

Multiple Choice

Business continuity relates to:

• A)an FI that has a business plan that meets the liquidity and capital requirements of APRA
• B)a whole-of-business approach to FI operations and profitability
• C)a business continuity plan which reduces the impact of any disruption on FI operations, reputation, profitability, depositors and other stakeholders of an FI
• D)a business continuity plan which increases profitability of an FI

Understand the role of pattern recognition, alertness, and prior knowledge in identifying entrepreneurial opportunities.

Appreciate the impact of cognitive styles on successful entrepreneurship and how they influence opportunity recognition.

Grasp the concept of pathways to opportunity identification and the value they bring to entrepreneurial ventures.

Understand the importance of market size and scalability for product or service value retention.

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Definitions:

Local Supplier

A business that provides products or services to another company within the same geographic region, often to minimize logistics costs and support the local economy.

Decision-making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Effectiveness

The degree to which something achieves its desired outcome or succeeds in producing a specified result, often used in evaluating strategies, interventions, or performances.

Advantages and Disadvantages

The positive and negative aspects associated with a particular choice, decision, or course of action.