Free Access ServiceNow.CIS-TPRM.v2026-03-13.q59 Practice Test (Page 10)

Question 41

Effective Third-party Contacts Configuration ensures:
Response:

A.Lowered overall risk scores

B.Increased third-party performance

C.Enhanced contractual compliance

D.Efficient risk communication

Question 42

Which framework is commonly used for Third-Party Risk Management?
Response:

A.The Five Forces Model

B.SWOT Analysis

C.COSO ERM Framework

D.PESTLE Analysis

Question 43

Which workflow design principle is most critical in optimizing the third-party risk process?
Response:

A.Maximizing the number of approval steps to ensure thorough checks

B.Ensuring all tasks are completed by a single department

C.Prioritizing speed over accuracy

D.Reducing manual interventions to increase process efficiency

Question 44

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

A.By using a universal language for all communications, regardless of the third party,s location

B.Assigning contacts based on geographical proximity rather than expertise

C.Ignoring time zone differences to simplify meeting scheduling

D.Accounting for language preferences and time zones in contact details

Question 45

In Contact Configuration, what is essential for ensuring effective communication?
Response:

A.Assigning multiple contacts for each third party without specific roles

B.Limiting contact information to email addresses only

C.Defining clear roles and responsibilities for each contact

D.Establishing a single point of contact for all communications

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