Oracle Risk Management Cloud 2018 Sample Questions:

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) Investigators are assigned job roles with custom Department perspective data roles attached. Other incident users receive job roles which only allow viewing of incidents.
B) Worklist assignment Result Investigator should be set to "All Eligible Users"
C) Custom perspective for Department linked to the Results object with Required set to "No"
D) 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.
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.

2. You are configuring security and you do not want the risks to go through the review and approve process each time they are updated. How will you meet this requirement?

A) Ensure that no user has been assigned a job role that includes the Risk Reviewer Composite or Risk Approver Composite Duty Role.
B) Use only the Risk Approver Composite duty role in the configurations so the risks will not go through the review process.
C) Ensure that only the upper management is given the Risk Reviewer Composite duty role so they could review the risks that they want to review.
D) Add the Risk Reviewer Composite duty role to the person who creates the risks so he or she would be able to review them before saving the record.

3. Which two should you determine to ensure that your client can successfully maintain and administer Perspectives post go-live? (Choose two.)

A) Identify users who will be responsible for creating and maintaining controls and/or risks.
B) Identify lookup values that need to be created for Control, Risk, and Issue Type fields.
C) Identify if your client wants to review and/or approve new perspectives or changes made to existing perspectives.
D) Identify users who will be responsible for creating and maintaining perspectives, both for security as well as reporting.

4. 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 "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%.
B) 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".
C) You cannot define this model because imported objects from a file cannot be used with delivered objects.
D) 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".

5. Which three are true about implementing a best practice solution for Financial Reporting Compliance?
(Choose three.)

A) It promotes successful adoption and minimizes on-going cost of operation.
B) It provides maximum return on investment with minimum project risk.
C) It promotes rapid implementation and go-live.
D) It promotes go-live with minimal acceptance testing and user training.
E) Large scope of project requires high effort for maintenance and administration.

Solutions: