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Certified Implementation Specialist - Vendor Risk Management

Last Update Jun 18, 2024
Total Questions : 60

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Certified Implementation Specialist - Vendor Risk Management Questions and Answers

Questions 1

The Vendor records are stored in which table?

Options:

A.

Company [core_company]

B.

Department [cmn_department]

C.

Task [task]

D.

User [sys_user]

Questions 2

Which statement accurately describes the visibility and audit history of actions and communications in the Vendor Risk Management application?

Options:

A.

The vendor and assessor interactions are captured in the Vendor Risk Issue record and are only visible from the portal view

B.

The Vendor Risk Issues created and the activity and history are lost from the Vendor Assessment Portal when the associated vendor contact changes

C.

The Vendor Risk Issues created and the activity and history will remain in the Vendor Assessment Portal even when vendor contacts change

D.

The vendor and assessor interactions are captured in the Vendor Risk Issue record and are only visible from the platform view

Questions 3

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