Practice Test CIS-TPRM Fee, Valid CIS-TPRM Test Questions
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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q52-Q57):
NEW QUESTION # 52
What is the role of task dependencies in configuring third-party risk tasks?
Response:
- A. To define the order in which tasks must be completed based on their interdependencies
- B. To ensure all tasks are independent and completed in isolation
- C. To create a linear task sequence without flexibility
- D. To reduce the number of tasks to simplify the process
Answer: A
NEW QUESTION # 53
__________ involves defining specific actions and responsibilities to address identified risks with third-party vendors.
Response:
- A. Risk Assessment Methodology
- B. Third-party Risk Task Configuration
- C. Risk Mitigation Planning
- D. Third-party Risk Process Workflow
Answer: A
NEW QUESTION # 54
What is the advantage of using a multi-tiered approach in Third-party Tiering Configuration?
Response:
- A. It allows for differentiated risk management strategies
- B. It simplifies contract management
- C. It reduces the need for regular assessments
- D. It standardizes the risk management process across all tiers
Answer: A
NEW QUESTION # 55
What is the primary objective of Third-Party Risk Management?
Response:
- A. To improve third-party service delivery times
- B. To identify, assess, and mitigate risks associated with third parties
- C. To increase third-party dependencies
- D. To minimize the cost of third-party services
Answer: B
NEW QUESTION # 56
Why is it critical for organizations to define their "risk appetite" in the context of Third-party Risk Management?
Response:
- A. To limit the number of third-party vendors they work with
- B. To establish clear boundaries for acceptable risk levels when engaging with third parties
- C. To ensure that all third-party vendors are located within the same geographic region
- D. To ensure they do not exceed their financial budget for third-party services
Answer: C
NEW QUESTION # 57
......
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