CIS-TPRM by ServiceNow Actual Free Exam Q&As

Question 1

In designing a Third-party Assessment Portal, why is it important to consider user feedback from third parties?
Response:

A. Because third-party feedback is a legal requirement in all jurisdictions B. User feedback is only important if it comes from high-risk third parties C. To comply with international regulations on digital interfaces D. To ensure the portal meets the needs of its users and encourages compliance

Discussion 0

Correct Answer: D Vote an answer

Question 2

In what way do dashboards contribute to regulatory compliance within third-party risk management?
Response:

A. By restricting user access to certain data. B. By automatically filing compliance documents. C. By enhancing the aesthetic appeal of compliance reports. D. By providing visual evidence of compliance activities and outcomes.

Discussion 0

Correct Answer: D Vote an answer

Question 3

What is the primary purpose of integrating Third-Party Risk Management with other applications in ServiceNow?
Response:

A. To increase the workload of GRC administrators B. To provide a centralized platform for risk management activities C. To limit access to third-party information D. To duplicate data across applications for redundancy

Discussion 0

Correct Answer: C Vote an answer

Question 4

In the context of Contact Configuration, what is the impact of poorly defined roles?
Response:

A. Increased efficiency in communication and problem resolution B. Decreased clarity and potential delays in addressing issues C. Improved scalability and flexibility in managing contacts D. Enhanced security and data protection for both parties

Discussion 0

Correct Answer: A Vote an answer

Question 5

The process of __________ ensures that all modifications to the risk management workflow are correctly implemented and effective.
Response:

A. Approval and Workflow Process Changes B. Third-party Risk Issue Configuration C. Third-party Vendor Evaluation D. Third-party Risk Task Configuration

Discussion 0

Correct Answer: B Vote an answer

Question 6

What is the primary driver for implementing Third-party Risk Management in an organization?
Response:

A. To comply with regulatory requirements and protect the organization from third-party risks B. To improve the organization's public image C. To enhance marketing efforts D. To reduce the cost of outsourcing services

Discussion 0

Correct Answer: A Vote an answer

Question 7

How does continuous monitoring play into the Third-party Risk Assessment Lifecycle?
Response:

A. It should only be conducted on an annual basis to reduce burden. B. It provides ongoing insights into third-party performance and emerging risks. C. Continuous monitoring is only relevant for high-risk third parties. D. It is unnecessary if the initial assessment is thorough.

Discussion 0

Correct Answer: B Vote an answer

Question 8

How should Contact Configuration be approached to manage international third parties?
Response:

A. Ignoring time zone differences to simplify meeting scheduling B. Assigning contacts based on geographical proximity rather than expertise C. By using a universal language for all communications, regardless of the third party,s location D. Accounting for language preferences and time zones in contact details

Discussion 0

Correct Answer: C Vote an answer

Question 9

What type of risk is primarily concerned with third-party vendors'' compliance with laws and regulations?
Response:

A. Financial Risk B. Strategic Risk C. Operational Risk D. Compliance Risk

Discussion 0

Correct Answer: A Vote an answer

Question 10

What role does user accessibility play in Third-party Portal Configuration?
Response:

A. Ensuring that the portal is accessible to users with disabilities is a legal requirement B. Third parties are responsible for configuring their own accessibility C. It is a minor consideration that can be addressed post-deployment D. Accessibility only applies to internal users within the organization

Discussion 0

Correct Answer: B Vote an answer

Question 11

Which feature in ServiceNow GRC helps in identifying the highest risk areas and prioritizing compliance activities?
Response:

A. The Email Campaign function B. The Social Media Integration module C. The Heat Map visualization D. The Document Storage System

Discussion 0

Correct Answer: D Vote an answer

Question 12

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

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

Discussion 0

Correct Answer: A Vote an answer

Question 13

In Third-party Contacts Configuration, what is the primary goal?
Response:

A. To track the geographical location of third-party contacts B. To determine the hierarchy of third-party organizations C. To configure automated email responses D. To establish points of contact for risk management communication

Discussion 0

Correct Answer: C Vote an answer

Question 14

What is a common table used for Third-party Risk Management reporting?
Response:

A. Control [sn_control] B. Task [task] C. Third party [core_third_party] D. Third-party Risk Assessment [sn_vdr_risk_asmt_assessment]

Discussion 0

Correct Answer: B Vote an answer

ServiceNow Certified Implementation Specialist - Third-party Risk Management - CIS-TPRM Exam Practice Test