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Ctprp Exam.

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Exam of 1 pages for the course RSM100 Midterm 1 Prep at RSM100 Midterm 1 Prep (CTPRP Exam.)

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CTPRP Exam
CTPRP - ANS-Certified Third Party Risk Professional

Exam Structure includes - ANS-TMRM Foundation, TPRM Design and Structure,
Control Evaluations, Operations and Implementation

Outsourcing - ANS-The process of having another organization perform a specified
function(s) to support the organization's business strategy and goals

Business model types - ANS-1. Business to Business
2. Business to Consumer
3. Subscription Business Models
4. On Demand

What does a business model define? - ANS-the ownership or "controller" of the data
and the obligations of each party

Relationships - ANS-1. The Outsourcer
2. The Second party
3. The Third party
4. The Fourth party
5. Nth party

Outsourcer - ANS-the entity evaluating the risk posed by obtaining services from
another entity or delegating a function to a third-party. Often considered the data
controller as the entity that determines the purpose and means of data processing --
assumes all risk.

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