Free Access ServiceNow.CIS-TPRM.v2026-03-13.q59 Practice Test (Page 3)

Question 6

What is the primary purpose of Third-party Portal Configuration?
Response:

A.To configure the user interface design only

B.To track the personal information of third-party employees

C.To facilitate efficient interaction between the organization and its third parties

D.To manage the third-party,s financial transactions

Question 7

What is the purpose of continuous monitoring in the Third-party Risk Management process?
Response:

A.To periodically review and update the contract with the third party

B.To identify and address emerging risks throughout the third-party relationship

C.To ensure the third party is paid on time

D.To maintain an archive of third-party communication logs

Question 8

What benefit does the ServiceNow GRC module offer in terms of regulatory change management?
Response:

A.It decorates the user interface according to the new regulations

B.It automatically changes the organization,s policies to comply with new regulations

C.It provides a platform for storing hard copies of regulatory documents

D.It helps in tracking and adapting to regulatory changes efficiently

Question 9

What is a critical aspect of Third-party Risk Assessment Configuration for ensuring effectiveness?
Response:

A.Configuring the assessment tool to accept only positive feedback about third parties.

B.Prioritizing third parties based on the volume of transactions.

C.Including a wide range of stakeholders in the assessment process.

D.Setting up the assessment to automatically adjust risk thresholds based on industry trends.

Question 10

Which key component should be prioritized during the initial setup of Third-party Portfolio Configuration to ensure a comprehensive risk assessment?
Response:

A.Financial transactions

B.Service categories

C.Contract lengths

D.Risk and criticality tiers

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