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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q39-Q44):

NEW QUESTION # 39
Third-party Portfolio Configuration primarily aims to:
Response:

A. Organize and categorize third-party vendors based on services provided
B. Implement security measures for data protection
C. Set communication protocols for risk management
D. Determine the financial stability of third parties

Answer: A

NEW QUESTION # 40
Why is role definition critical in Contact Configuration within a Third-party Portal?
Response:

A. It enhances the security of third-party communications
B. It simplifies the escalation process in case of issues
C. It allows for the automation of all communication processes
D. It clarifies communication channels and reduces the risk of misunderstandings

Answer: D

NEW QUESTION # 41
Which of the following elements are typically considered in third-party risk assessment calculations?
(Choose two)
Response:

A. The personal preferences of the third party,s CEO
B. The financial stability of the third party
C. The third party,s historical compliance with industry standards
D. The color of the third party,s logo

Answer: A,C

NEW QUESTION # 42
In ServiceNow, what is the purpose of the "Control Objective" within the GRC module?
Response:

A. To limit user access to confidential documents
B. To control the objectives of the organization,s annual retreat
C. To specify the intended outcome of implementing a control
D. To define the aesthetic objectives for the user interface

Answer: B

NEW QUESTION # 43
What role does automation play in the generation of third-party risk assessments?
Response:

A. It ensures that assessments are conducted consistently and triggered by predefined criteria
B. It reduces the accuracy of assessments by relying on automated processes
C. It limits the assessment process to high-risk third parties only
D. It simplifies the assessment process by removing the need for human intervention

Answer: A

NEW QUESTION # 44
......

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