Question 1

Which of the following is an objective of Vendor Risk Management? (Choose two.)

Options :

A : To help vendors improve their security posture and preparedness

B : To assess and manage the risk from interactions with vendors and third parties

C : To help negotiate the best possible price for a product or service from the vendor

D : To verify that vendors have adequate measures and processes in place to ensure profitability of vendor

Answer: A,B

Question 2

Where do vendors manage issues, respond to requests, and fulfill tasks assigned to them?

Options :

A : Spreadsheets

B : Vendor Portal

C : ServiceNow Platform

D : Email

Answer: B

Question 3

Which of the following are functions of the Vendor Risk Assessor? (Choose three.)

Options :

A : Enable communications across vendors

B : Access completed assessments from vendors

C : Update vendor contract deadlines

D : Create issues for the vendor

E : Create a Primary Contact record for a Vendor

Answer: A,D

Question 4

In order to evaluate a vendor on a recurring basis, configure a record in this table:

Options :

A : Repeating Surveys

B : Assessment Metric

C : Repeating Assessments

D : Assessment Metric TypeCorrect Answer: C

Answer: C

Question 5

Which statements most accurately describe assignments to vendor contacts? (Choose two.)

Options :

A : Individual sections in the questionnaire or document request can be assigned

B : A questionnaire or document request cannot be assigned to multiple vendor contacts

C : A questionnaire can be read by vendor contacts that are not assigned

D : A questionnaire can only be completed by assigned vendor contacts

Answer: A,D

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