Acquisition of Resources CGEIT Practice Questions (Page 3)

Questions 11–15

1. 11expert · hard

   A financial institution is negotiating a contract for a cloud-based core banking system. The vendor's proposed SLA offers 99.9% uptime but excludes 'planned maintenance' from the uptime calculation. The institution's operations require 24/7 availability, and the regulator mandates that core banking systems have no more than 4 hours of downtime per year. The IT governance leader must ensure the SLA aligns with regulatory requirements. What should the leader do?

   • ANegotiate the SLA to include a definition of planned maintenance that minimizes impact and requires advance notice, and ensure the uptime calculation aligns with regulatory requirements.
   • BRely on the vendor's track record of high availability.
   • CRequire the vendor to provide 100% uptime with no exclusions.
   • DAccept the SLA because 99.9% uptime is generally acceptable.
   Reveal Solution Discussion Select an answer first
2. 12foundation · easy

   What is the primary purpose of ongoing contract management after an IT contract is signed?

   • ATo ensure the vendor meets its obligations and the enterprise's needs are fulfilled
   • BTo renegotiate the contract price annually
   • CTo terminate the contract as soon as possible
   • DTo document all communication for legal purposes
   Reveal Solution Discussion Select an answer first
4. 13application · medium

   A government agency needs to acquire a specialized cybersecurity solution that is only available from a single vendor due to a patent. The agency has a strict procurement policy that requires competitive bidding unless a sole-source is justified. What should the procurement officer do?

   • AProceed with a sole-source acquisition and document the justification.
   • BSelect a different solution from a vendor that can provide a similar product.
   • CIssue an RFP to see if other vendors can meet the requirements.
   • DDelay the acquisition until a competitive market emerges.
   Reveal Solution Discussion Select an answer first
5. 14foundation · easy

   What is the primary purpose of including intellectual property (IP) clauses in an IT acquisition contract?

   • ATo clarify ownership and usage rights of the delivered resources
   • BTo speed up the delivery of the resources
   • CTo reduce the cost of the acquisition
   • DTo ensure the vendor provides training
   Reveal Solution Discussion Select an answer first
6. 15expert · hard · select all that apply

   A company is negotiating a contract for a new customer data platform. The vendor's standard contract includes a limitation of liability clause, a data processing agreement, and a service level agreement. The company's legal team has identified several concerns. Select all the contract elements that should be negotiated to protect the company's interests.

   • AAgree to a perpetual license without maintenance fees.
   • BDefine specific service credits for SLA breaches.
   • CInclude a clause that allows the company to audit the vendor's security controls.
   • DIncrease the liability cap to cover potential data breach costs.
   • EAccept the vendor's data processing agreement as-is to expedite the contract.
   Check answers Discussion Select an answer first