Oracle Risk Management Cloud 2018 Sample Questions:

1. Which controls can user A access and manage for the following Control Manager role configuration? See details of perspective trees and control-perspective association below.

A) Controls 2 and 3
B) Only Control 1
C) Controls 1, 2, and 3
D) All controls
E) None

2. 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 the System ID column is populated correctly.
B) Validate that there are no duplicate worksheet IDs within the same worksheet.
C) Validate that the control-perspective relationship has been created in Manage Module Perspectives.
D) Validate that new lookup values are created for any custom list of values.
E) Validate that all nods on the Perspective Item tab are covered on the Perspective Hierarchy tab.

3. When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?

A) Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
B) One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
C) One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
D) One job will run for the two objects and the Transaction Created As of Date has no impact on the data.

4. The control manager needs to associate an existing test plan to an additional assessment type, Audit Test. The existing test plan is associated only with the Design Review assessment type.
How can this be accomplished?

A) The control manager should create a new test plan with Audit Test and Design Review as assessment types.
B) The control manager does not need to update the control because any initiated assessment will include all control test plans.
C) The control's test plan should be updated to include both Audit Test and Design Review as assessment types.
D) The control's test plan should be updated to Audit Test as the assessment type.

5. You completed the data migration successfully. You created 100 controls, an Organization Perspective, and relationship of controls to the Organization Perspective. All controls are related to one perspective item. The Control Manager logs in to the application to view the new controls, yet there are none available for his or her review.
Identify three reasons for this. (Choose three.)

A) No risks were mapped to the imported controls.
B) The Control Manager was not given the correct data security policy to access the controls.
C) The Perspective Hierarchy was not associated to the Control Object.
D) The Perspective Hierarchy is not in the Approved state.
E) There was no Control Type associated with the controls.

Solutions: