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“Business Impact Analysis (BIA) and Risk Management” Please respond to the following:
- According to the text, a BIA determines the extent of the impact that a particular incident would have on business operation over time. Determine the major ways in which people, systems, data, and property will impact a BIA. Provide specific examples to support your response.
- Compare and contrast qualitative risk analysis and quantitative risk analysis, and provide at least two (2) examples identifying a situation when each would be useful.