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1. How does ServiceNow''s IntegrationHub enhance Third-Party Risk Management capabilities?
Response:
A) By providing aesthetic enhancements to the dashboard
B) By limiting data access to a select few administrators
C) Through the manual input of data from third-party assessments
D) Through enabling easy integration with external data sources and systems
2. Which of the following is a key benefit of integrating risk process workflows with third-party management tools?
Response:
A) It reduces the complexity of risk assessments by limiting data inputs
B) It enhances the visibility of the entire process, allowing for better tracking and reporting
C) It simplifies the risk management process by removing all approval steps
D) It removes the need for compliance checks
3. Which feature should be prioritized in the design of a Third-party Assessment Portal to ensure user accountability?
Response:
A) The ability to integrate with third-party social media accounts
B) A customizable user interface with company branding
C) A comprehensive audit log tracking all user activities within the portal
D) Limiting user access based on seniority levels
4. Why is it important to periodically review and update task configurations in third-party risk management?
Response:
A) To reduce the number of tasks over time
B) To align tasks with outdated risk management strategies
C) To prevent employees from becoming too familiar with their tasks
D) To ensure that task configurations reflect the current risk environment and organizational priorities
5. In designing a Third-party Assessment Portal, why is it important to consider user feedback from third parties?
Response:
A) Because third-party feedback is a legal requirement in all jurisdictions
B) To ensure the portal meets the needs of its users and encourages compliance
C) User feedback is only important if it comes from high-risk third parties
D) To comply with international regulations on digital interfaces
Solutions:
Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: B |
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