Oracle Risk Management Cloud 2019 Implementation Essentials (1Z0-1058) Free Practice Test

Question 1

You are advising your client on design and configuration related to how access incident results will be viewed and managed. The client has provided a list of business requirements:
* Incident results can be viewed by Department
* Groups of investigators receive assigned incidents based on Department
* Must ensure systematically that no incident is unassigned to an investigator Which three must be configured to support these requirements? (Choose three.)

A. Worklist assignment Result Investigator should be set to "All Eligible Users"

B. Investigators are assigned job roles with custom Department perspective data roles attached. Other incident users receive job roles which only allow viewing of incidents.

C. Investigators are assigned job roles with custom Department perspective data roles attached for managing incidents. Other incident users are assigned job roles with custom Department perspective data roles attached for viewing only.

D. Custom perspective for Department linked to the Results object with Required set to "No"

E. Custom perspective for Department linked to the Results object with Required set to "Yes"

F. Worklist assignment Result Investigator should be set to specific users.

Correct Answer: A,B,F

Question 2

You have completed the data import process with no errors. You created process, risks, controls, and one perspective. Controls were related to perspectives. You have provided the customer with the Control Manager security role. When the customer logs in to Financials Risk Compliance (FRC), the customer cannot see any controls.
Which step was missed during the import process?

A. The Control Method was not set to a valid value.

B. The parent process was never approved.

C. Data security policies for Controls were not created.

D. The Controls were not related to any risk objects.

Correct Answer: A

Question 3

A. What needs to be done to fix the mapping?

B. Option D

C. Option C

D. Option A

E. Option B

Correct Answer: E

Question 4

You have scheduled quarterly assessments for a Control object at the beginning of the year with future dates.
However, the test plans associated with the Control object were updated before the assessment could be started. Which statement is true about this scenario?

A. The scheduled assessment process will end in error.

B. The assessment will be associated with the version of the test plans from the time of assessment initiation.

C. The updated test plans will become available during the assessment.

D. The user will have the option to select the older or newer versions of the test plans during the assessment process.

Correct Answer: B

Question 5

You are building a transaction model to identify invoices with USD amounts that are greater than the supplier's average invoice amount. The order of the filters is important.
1. Add an "Average" Function filter grouping by "Supplier ID" where "Invoice Amount" is greater than 0.
2. Add a standard filter where "Invoice Currency" equals "USD."
3. Add a standard filter where the delivered "Average Value" attribute is less than "Invoice Amount." What is the correct order of the filters for this transaction model?

A. 2, 1, 3

B. 3, 2, 1

C. 1, 2, 3

D. 2, 3, 1

E. 1, 3, 2

Correct Answer: C

Question 6

Which two steps are required to set up two levels of approval for new controls, which are added after the initial import? (Choose two.)

A. Identify the other roles to be provided for control managers.

B. Identify users who will perform control review and approval.

C. Identify the organizations or business units for which users will perform review or approval.

D. On the Controls tab of the Import template, set the control state to NEW for each control record.

Correct Answer: B,C

Question 7

Which two filters must be combined to identify different suppliers who use the same taxpayer ID? (Choose two.)

A. Standard filter where the "Supplier" object's "Taxpayer ID" is not blank.

B. Standard filter where the "Supplier" object's "Supplier ID" is equal to itself.

C. Function filter grouping by "Supplier ID" where count is greater than 1.

D. Standard filter where the "Supplier" object's "Allow Withholding Tax" is not blank.

E. Function filter grouping by "Taxpayer ID" where count is greater than 1.

Correct Answer: A,C

Question 8

You need to schedule the report "Access Violations by User." Which two steps do you take to create the saved parameters for the report schedule? (Choose two.)

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Oracle Risk Management Cloud 2019 Implementation Essentials (1Z0-1058) Free Practice Test