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ServiceNow CIS-TPRM Exam Syllabus Topics:

ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions:

1. Core Configuration in Third-Party Risk Management enables organizations to:
Response:

A) Avoid legal liabilities associated with third-party failures
B) Track third-party financial transactions exclusively
C) Ensure all third parties are located in low-risk geographical areas
D) Tailor the risk management system to their specific needs

2. Third-party Security Scoring Configuration/Risk Intelligence aims to:
Response:

A) Offer a qualitative assessment of third-party marketing strategies
B) Assign random security scores for annual review purposes
C) Ensure compliance with international security standards
D) Provide a numerical rating reflecting the security posture of third parties

3. How does the concept of "risk appetite" relate to Third-Party Risk Management?
Response:

A) It only applies to financial risks and is used to guide investment decisions.
B) It refers to the amount and type of risk an organization is willing to accept in pursuit of its objectives.
C) It dictates the maximum risk level at which a company aims to operate its IT systems.
D) It is a fixed threshold, identical across all industries, guiding the acceptance of third-party risks.

4. In the context of Third-party Risk Management, what role do technical assessments play?
Response:

A) They help evaluate the third party,s compliance with IT security standards and protocols.
B) They provide insights into the third party,s market position.
C) They ensure that the third party is able to meet the organization,s performance requirements.
D) They are used to determine the third party,s pricing strategy.

5. Which module within ServiceNow GRC helps in assessing the risk level of third parties before engaging in a business relationship?
Response:

A) Incident Response
B) Human Resources
C) Vendor Risk Management
D) Project Management

Solutions: