Question 1
Which of the following BEST defines 'value' in the context of ITIL 4?
Show answer & explanation
Correct answer: B - The perceived benefits, usefulness, and importance of something
10 free, exam-style ITIL 4 Foundation (ITIL) practice questions with answers and explanations. No signup required. Work through them below, then take the full free ITIL practice test to study every exam domain.
Which of the following BEST defines 'value' in the context of ITIL 4?
Correct answer: B - The perceived benefits, usefulness, and importance of something
According to ITIL 4, who determines the value of a service?
Correct answer: C - The service consumer, based on their perception of benefits received
Which statement about value co-creation is CORRECT?
Correct answer: B - Value is co-created through active collaboration between the service provider and the service consumer
A company provides a cloud-based project management tool to a customer. The customer configures it for their specific workflows and trains their team to use it effectively. What does this illustrate?
Correct answer: B - Value co-creation, where both the provider and consumer contribute to realizing value
Which of the following is NOT a key stakeholder group in ITIL 4 service management?
Correct answer: D - Competitors
In ITIL 4, what is the role of a 'customer'?
Correct answer: B - A person who defines the requirements for a service and takes responsibility for the outcomes of service consumption
In ITIL 4, what is the role of a 'user'?
Correct answer: C - A person who uses services
In ITIL 4, what is the role of a 'sponsor'?
Correct answer: C - A person who authorizes budget for service consumption
A department head approves the purchase of a new CRM system, the sales team uses it daily, and the VP of Sales defined the business requirements. Who is the sponsor?
Correct answer: C - The department head who approved the budget
An organization provides IT services to both internal departments and external clients. In ITIL 4, what is this organization called?
Correct answer: B - A service provider
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