Oracle Risk Management Cloud 2019 Implementation Essentials (1Z1-1058) Free Practice Test

Question 1

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.)

A. Select Display Scheduled Reports.

B. Click Save Report Parameters to create saved settings.

C. Navigate to Administration Reports.

D. Highlight the report name and click Run Now.

E. Navigate to Scheduling under Setup and Administration.

Correct Answer: B,D

Question 2

You have defined an initial Perspective Hierarchy for your client in the Advanced Controls module. After refining their business requirements, your client wants to expand the existing hierarchy to include 150 perspective items in various levels. For efficient processing, you decide to use the GRC data migration feature to import the new items.
Which three are valid processing steps required to define the export file? (Choose three.)

A. Navigate to Risk Management Tools > Setup and Administration > Data Migration, and select Advanced Controls.

B. Navigate to Manage Module Perspectives.

C. Click the Create Import Template button.

D. Generate Template as Without Data.

E. Generate Template as Without Data - Perspectives Only.

Correct Answer: A,B,D

Question 3

Which part of the security structure cannot be created or viewed from the Security Console, when configuring security for Financial Reporting Compliance?

A. Data Security Policy

B. Functional Security Policy

C. Composite Duty Role

D. Job Role Perspective Policy

Correct Answer: D

Question 4

Select three fields that are required to create an impromptu assessment. (Choose three.)

A. Perspectives

B. Activity

C. Reviewer

D. Due Date

E. Template

F. Name

Correct Answer: D,E,F

Question 5

Your client has three operating units.
What are two ways in which you can exclude an operating unit where there are not enough personnel to allow segregation of duties? (Choose two.)

A. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.

B. In a model, create a new condition logic filter, select the within same operating unit attribute, select the value yes, and then perform your exclusion though the advanced options check box.

C. Navigate to the Create Access Global Condition page and create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.

D. In a model, create a new condition logic filter, select the operating unit attribute, select the operating unit value, and then perform an exclusion though the advanced options check box.

E. In a model, create a new condition logic filter, select the operating unit attribute and select the operating unit value.

Correct Answer: A,B

Question 6

Your client has configured separate roles for control assessor and control assessment reviewer. The control assessor has submitted his or her assessment. The control assessor realizes later that he or she has forgotten to attach a critical test evidence document to the assessment and needs to attach it now.
How can this be accomplished?

A. The assessor can request the reviewer to attach the document during the review.

B. On the Manage Assessments page, the assessor can select the assessment and click the Reopen button.
He or she can then attach the document and resubmit the assessment.

C. On the Assessment tab in the Control definition, the assessor can select the assessment and click the Complete Assessment button. He or she can attach the document and resubmit the assessment.

D. The assessor can request the reviewer to reject the assessment. After the assessment is rejected, the assessor can then attach the document and resubmit the assessment.

Correct Answer: B

Question 7

How do you add values to a Risk Type list of values?

A. Add the lookup codes to the GRCM_RISK_TYPE Lookup Type.

B. Use the default lookup codes because there is no way to update the existing ones.

C. Populate the Import template with the new values in the Issue Severity column on the Controls tab.

D. Because you cannot add new values, update one of the existing lookup codes to what the client wants it to be.

E. Add the lookup codes to the GRC_RISK_TYPE Lookup Type.

Correct Answer: A

Question 8

Identify the four statuses and states in which you can edit an issue's description, assuming you have the necessary privileges to edit the issue. (Choose four.)

A. Status: Open; State: New

B. Status: On-Hold; State: Reported

C. Status: On Hold; State: Awaiting Approval

D. Status: Open; State: Approved

E. Status: Open; State: In Edit

F. Status: On Hold; State: In Review

G. Status: Closed; State: Final Close

H. Status: Closed; State: Closed - Awaiting Approval

Correct Answer: A,D,E,F

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Oracle Risk Management Cloud 2019 Implementation Essentials (1Z1-1058) Free Practice Test