SIE (Securities Industry Essentials) Practice Exam

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Every FINRA member firm must have in place a Business Continuity Plan which addresses:

  1. Annual profit projections

  2. How customers of the firm will be able to access their accounts and assets during a disaster or pandemic which has made normal operations infeasible

  3. Employee vacation schedules

  4. Office décor and design for efficiency

The correct answer is: How customers of the firm will be able to access their accounts and assets during a disaster or pandemic which has made normal operations infeasible

A Business Continuity Plan is a plan that outlines how a company will continue to operate during a major disruption, such as a disaster or pandemic. Annual profit projections (A) are not relevant in a disaster situation and should not be the focus of a Business Continuity Plan. Employee vacation schedules (C) are also not relevant in a disaster situation, as the priority should be on the safety and well-being of employees and the continuity of business operations. Office décor and design for efficiency (D) may be important for day-to-day operations, but they do not directly address the question of how customers will be able to access their accounts and assets during a disaster. Therefore, option B is the correct answer.

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