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

1. In managing international third-party contacts, what configuration consideration is critical?
Response:

A) Centralizing all contacts in a single geographic location
B) Limiting contact information to email addresses only
C) Using a universal language for all communications
D) Accounting for time zone differences and language preferences

2. Which feature should be prioritized in the design of a Third-party Assessment Portal to ensure user accountability?
Response:

A) The ability to integrate with third-party social media accounts
B) A comprehensive audit log tracking all user activities within the portal
C) A customizable user interface with company branding
D) Limiting user access based on seniority levels

3. Third-party Risk Task Configuration involves:
Response:

A) Defining tasks that are unrelated to third-party risk management
B) Specifying actions to be taken for risk assessment, monitoring, and mitigation
C) Assigning all risk-related tasks to third-party vendors
D) Setting up tasks for daily operational activities only

4. What is the significance of "Risk Scoring" in ServiceNow Third-Party Risk Management?
Response:

A) It is a decorative feature without practical use.
B) It prioritizes risks based on their potential impact and likelihood.
C) It scores the popularity of third parties among employees.
D) It is used to determine the budget allocation for social events.

5. 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 simplifies the assessment process by removing the need for human intervention
D) It limits the assessment process to high-risk third parties only

Solutions: