1z0-1058-22 by Oracle Valid Free Exam Practice Test

Question 1

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 user will have the option to select the older or newer versions of the test plans during the assessment process. B. The assessment will be associated with the version of the test plans from the time of assessment initiation. C. The scheduled assessment process will end in error. D. The updated test plans will become available during the assessment.

Correct Answer: B

Question 2

You have created security roles for the Procure-to-Pay (P2P) Control Manager for the EMEA region in your client's organization. But, there are two problems with his or her security configuration.
Problem 1: This person should not receive notifications to complete control assessments, but currently he or she does.
Problem 2: Also, although he or she has access to controls associated with EMEA, he or she is unable to access controls created for individual regions within EMEA.
You have given him or her the following job role:
EMEA P2P Control Manager Job Role
Seeded Control Manager Duty Composite
Seeded Control Certification Assessor Duty Composite
EMEA P2P Control Manager Data Security Policy
Seeded Control Manager Data Security Policy
Perspective filter where Region Perspective "equals" EMEA
Perspective filter where Process Perspective "equals" P2P
Which two actions need to be taken to correct the problems? (Choose two.)

A. Create EMEA P2P Control Certification Assessor Data Security Policy striped by both EMEA and P2P perspectives and assign to the job role. B. Add to the EMEA P2P Control Manager Data Security Policy the seeded Control Certification Assessor Data Security Policy. C. Remove Control Certification Assessor Composite from the EMEA P2P Control Manager job role. D. While defining data security policy, set the perspective value to EMEA including all child nodes of the EMEA region.

Correct Answer: B,D

Question 3

You build an access model with two entitlements. Each entitlement has four access points. The entitlements do not have any access points in common.
How many access point combinations will be analyzed?

A. 16 B. 4 C. 8 D. 25 E. 20

Correct Answer: C

Question 4

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

Correct Answer: D,E

Question 5

Which three statements are true about the purpose of perspectives? (Choose three.)

A. Perspectives can be used for categorizing Financial Reporting Compliance objects. B. Perspectives can be used to represent regional hierarchies. C. Perspectives enable functional security in Financial Reporting Compliance. D. Perspectives can be used to define user privileges. E. Perspectives are used to enable data security on Financial Reporting Compliance objects.

Correct Answer: B,C,E

Question 6

You have five business units in our company, BU1 through BU5. You want to build a transaction model to identify suppliers who have been paid more than $100,000 USD across all business units except BU5.
Which two filters must be combined? (Choose two.)

A. Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4. B. Add a standard filter where the "Payment" object's "Organization ID" is equal to itself. C. Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option "Exclude" is checked. D. Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000. E. Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than 100,000.

Correct Answer: A,D

Question 7

How do you associate a risk to a control?

A. To associate a control to a risk, the control needs to be in the Review state. B. The only way to create risk-control associations is through data import. C. In the related object section of process definition, add the control to the risk. D. On the Related Controls tab of risk definition, add the control. E. On the Related Objects tab of control definition, add the risk.

Correct Answer: D

Question 8

You want to identify Controls with the most Incidents, with the condition that the identified Controls should have 80% of all Incidents. To do this, you have imported a custom object that contains the number of incidents associated with each control, and have added that object to a transaction model.
Which pattern filter must you now apply?

A. Mean B. Anomaly Detection C. Clustering D. Absolute Deviation E. Pareto

Correct Answer: E

Oracle Risk Management Cloud 2022 Implementation Professional - 1z0-1058-22 Exam Practice Test