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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions (Q108-Q113):

NEW QUESTION # 108
The integration between ServiceNow GRC and Third-Party Risk Management modules facilitates what aspect of risk management?
Response:

A. It ensures that all users get a daily motivational quote
B. It limits the amount of data that can be analyzed
C. It enables a holistic view of organizational and third-party risks
D. It focuses solely on the aesthetic presentation of risk data

Answer: C

NEW QUESTION # 109
How does the use of standardized technical assessment frameworks benefit the Third-party Risk Management process?
Response:

A. It ensures consistency and comparability in evaluating third-party risks
B. It allows for more flexible contract terms with third parties
C. It simplifies the negotiation process with third parties
D. It reduces the need for continuous monitoring of third parties

Answer: D

NEW QUESTION # 110
What is the primary objective of the Third-party Portal Configuration in ServiceNow?
Response:

A. To enable efficient interaction and communication between the organization and its third parties
B. To store third-party compliance documents
C. To track the financial transactions of third parties
D. To streamline third-party onboarding processes

Answer: C

NEW QUESTION # 111
Which feature in ServiceNow GRC is crucial for ensuring continuous compliance monitoring of third-party risks?
Response:

A. Annual risk assessment schedules
B. Static risk reports
C. Automated workflows and real-time data feeds
D. Manual data entry

Answer: A

NEW QUESTION # 112
How do technical assessments contribute to the overall Third-party Risk Management strategy?
Response:

A. By identifying potential technological risks that could impact the organization
B. By enhancing the third party's branding and market presence
C. By providing detailed financial analysis of third-party vendors
D. By determining the third party,s customer service capabilities

Answer: C

NEW QUESTION # 113
......

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