1Z0-1058-20 Exam Training Practice Tests (Oracle Risk Management Cloud 2020 Implementation Essentials)]

Question 1

You are implementing Advanced AccessControls and there is a requirement for a control to monitor user access to specific, client-defined access points which give users the ability to both initiate a purchase order and approve payments on that purchase order.
Which is a valid option to implement the control?

A. From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created. Finally, deploy an access control in the "Controls" tab of Advanced Controls, and select the access model you created. B. Select Actions > Create Access Control from the "Controls" tab of Advanced Controls. C. Create an access entitlement from the "Access Entitlements" page, then select Actions > Create Access Control from the "Controls" tab of Advanced Controls, and select the entitlement you created. D. From the "Access Entitlements" page create two entitlements containing the respective client-defined access points. Create an access model from the "Models" tab of Advanced Controls, based on the entitlements you created. E. Create an access model from the "Models" tab of Advanced Controls, and then define an access point filter for each individual client-defined access point.

Correct Answer: A

Question 2

You are implementing Advanced Access Controls for a client. You need to create a model that returns users who have been assigned a specified access point but excludes a specific operating unit.
Which business object(s) do you need to add to your model to accomplish this objective?

A. Access Point B. Access Point and User Business Object C. Access Entitlement D. Fusion Access Condition E. Access Point and Fusion Access Condition

Correct Answer: C

Question 3

Your customer needs to conduct monthly Operational Effectiveness assessments for controls across two organizations (North America and EMEA). Your customer requires that assessment results for North America be accessible only tousers in North America and likewise for EMEA. Additionally, the Chief Risk Officer reviews the assessment results by Business Process every week.
How should you design perspectives to achieve this?

A. Use the Region hierarchy initially, and later use both Region and Business Process hierarchies for security. B. Use the Business Process hierarchy for security and the Region hierarchy for reporting of controls. C. Use the Region hierarchy for security and the BusinessProcess hierarchy for reporting of controls. D. Use both Region and Business Process hierarchies solely for reporting purposes.

Correct Answer: C

Question 4

You are remediating access incidents in Advanced Access Controls (AAC), and have just completed the remediation of a segregation of duties conflict for users in Fusion Security by removing the conflicting access from the users.
What status do you set for the incident in AAC?

A. Authorized B. Accepted C. Remediation D. Remedy E. Resolved

Correct Answer: C

Question 5

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

A. None B. Controls 2 and 4 C. All controls D. Controls 1 and 2 E. Controls 1, 2, and 4

Correct Answer: D

Question 6

Which statement related to Advanced Access Controls is true?

A. It documents risks and controls. B. If helps enforce segregation of duties. C. It analyzes transaction records. D. If helpsperform risk analysis and evaluation.

Correct Answer: B

Question 7

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

Correct Answer: B,D

Question 8

Which two options can be assigned to a duty role? (Choose two.)

A. Job Role B. Abstract Role C. DataSecurity Policy D. Functional Security Policy

Correct Answer: C,D

Oracle Risk Management Cloud 2020 Implementation Essentials - 1Z0-1058-20 Exam Practice Test