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ServiceNow CIS-VRM Exam Questions and Answers 2024, Vendor Risk Management | SPOTO

The ServiceNow Certified Implementation Specialist - Vendor Risk Management (CIS-VRM) certification is ideal for professionals seeking to showcase their expertise in implementing and managing ServiceNow’s Vendor Risk Management (VRM) solution. This certification validates your ability to configure VRM workflows, assess vendor risks, and ensure regulatory compliance. SPOTO offers the latest CIS-VRM exam questions and answers for 2024, tailored to the updated exam structure. Their expertly designed study materials, including mock exams and practical guides, provide a thorough understanding of vendor performance monitoring, risk analysis, and issue remediation. Whether you are starting your journey or refining your skills, SPOTO’s comprehensive resources are designed to boost your preparation and increase your chances of success. Elevate your career in vendor management by earning the CIS-VRM certification with SPOTO’s reliable support.
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Question #1
Which of the following can occur in the Vendor Portal?(Choose two)
A. View Project Gannt Charts
B. Submit an incident
C. Respond to a Vendor Risk Assessment
D. Manage Vendor Contacts
View answer
Correct Answer: C, D
Question #2
How can vendor portal configuration help a company reduce costs?
A. By negotiating better prices with vendors
B. By outsourcing vendor management to a third-party provider
C. By reducing the need for manual data entry and invoice processing
D. By consolidating multiple vendor portals into a single platform
View answer
Correct Answer: C
Question #3
Risks registered within an organization are captured as which type of record in ServiceNow?
A. Control Definition
B. Risk Statement
C. Control Template
D. Attestation
View answer
Correct Answer: B
Question #4
ServiceNow helps companies manage vendors without emails and spreadsheets using the:
A. The Customer Service Portal
B. The Vendor Portal
C. The Vendor Registry
D. The Vendor Platform
View answer
Correct Answer: B
Question #5
Which of the following is a common table used for Vendor Risk Management reporting?
A. Control [sn_control]
B. Task [task]
C. Vendor Risk Assessment [sn_vdr_risk_assessment]
D. Company [core_company]
View answer
Correct Answer: C
Question #6
What is the assigning probability and impact ratings in the risk assessment process?
A. calculate the annualized loss expectancy (ALE)
B. identify the assets to be assessed
C. assign blame for any security incidents
D. transfer all risks to third-party vendors
View answer
Correct Answer: A
Question #7
Which fields are included on the Vendor Contact form?(Choose two)
A. Risk rating
B. Rank tier
C. Primary Contact
D. Email
View answer
Correct Answer: C, D
Question #8
Which of the following is a best practice for vendor portal configuration?
A. Allowing vendors to access the portal without authentication
B. Requiring vendors to submit paper invoices in addition to electronic ones
C. Customizing the portal to meet the needs of each individual vendor
D. Providing vendors with training and support to ensure successful use of the portal
View answer
Correct Answer: D
Question #9
What is a typical feature of vendor portal configuration software?
A. Automated email notifications to vendors
B. Integration with social media platforms
C. Inventory management tools
D. Multi-currency payment processing
View answer
Correct Answer: A
Question #10
Vendor Risk Issues are considered inactive when they enter this state:
A. Review
B. Submitted to Vendor
C. Finalize with Vendor
D. Closed
View answer
Correct Answer: D

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