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Oracle Risk Management Cloud 2018 Sample Questions:
1. An organization has a list of companies with which they no longer wish to do business. The list is not stored in their ERP Could but is stored in a file.
Which transaction model will identify payments made to these companies?
A) Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payables Invoice" object. Once both objects are in your model, add this standard filter: the "Payables Invoice" object's "Supplier Name" equals the custom object's "Company Name".
B) You cannot define this model because imported objects from a file cannot be used with delivered objects.
C) Add a configurable attribute "Company Name" to Oracle's pre-built "Payment" object. Then add this standard filter: "Remit to Supplier Name" equals "Company Name".
D) Create an Imported business object that can be used in conjunction with Oracle's pre-built "Payment" object. One both objects are in your model, add this standard filter: the "Payment" object's "Remit to Supplier Name" is similar to the custom object's "Company Name" by 95%.
2. 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) Worklist assignment Result Investigator should be set to specific users.
D) Custom perspective for Department linked to the Results object with Required set to "No"
E) 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.
F) Custom perspective for Department linked to the Results object with Required set to "Yes"
3. 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) Data security policies for Controls were not created.
B) The Controls were not related to any risk objects.
C) The Control Method was not set to a valid value.
D) The parent process was never approved.
4. Your client is configuring their Test pod (which has no data) and has created their initial import template with controls, test plans, perspectives, and perspective-control mappings. They have used custom list of values for Control Frequency.
Which three tasks must be completed before performing the data import? (Choose three.)
A) Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.
B) Validate that the System ID column is populated correctly.
C) Validate that new lookup values are created for any custom list of values.
D) Validate that there are no duplicate worksheet IDs within the same worksheet.
E) Validate that the control-perspective relationship has been created in Manage Module Perspectives.
5. A user has created and submitted a new control and the state of the control is "In Review." The user expected that the control state would change to "Approved." Why is the control not in the "Approved" state?
A) New controls must always be reviewed, irrespective of security configuration.
B) This user is not a Control Approver; therefore, the status will be "In Review."
C) The Control Approver role has been assigned to some users.
D) The Control Reviewer role has been assigned to some users.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,B,C | Question # 3 Answer: C | Question # 4 Answer: A,B,C | Question # 5 Answer: B |
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