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Question 1

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 Type

Correct Answer: C

Answer: C

Question 2

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 3

During the Generating Observations phase of the Vendor Risk Assessment, what action might be taken by the Risk Assessor?

Options :

A : Create issues from the assessment if necessary

B : Update the vendor risk score

C : Email the vendor

D : Answer questions the vendor forgot to answer

Answer: A

Question 4

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

Question 5

To what type of assessment record can a vendor contact respond?

Options :

A : Vendor tiering assessment

B : Vendor risk assessment

C : Customer assessment

D : External monitoring assessment

Answer: B