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Oracle Risk Management Cloud 2021 Implementation Essentials Sample Questions:

1. 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) 4
B) 20
C) 16
D) 8
E) 25


2. During implementation, you created a risk object and successfully mapped it to a control object. The client's Risk Owner is able to access the risk but not the control.
Why did this happen?

A) The Risk Owner account is inactive.
B) The Risk Owner role does not have the right privileges.
C) The risk and control objects are inactive and need to be made active.
D) The Risk Administrator needs to run the synchronize jobs to populate the mapping.


3. You have five business units in our company, BU1 through BU5. You want to build a transactionmodel 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" is equal to itself.
B) Add a function filter grouping by "Organization ID" where the sum of "Payment Amount" is greater than 100,000.
C) Add a function filter grouping by "Supplier ID" where the sum of "Payment Amount" is greater than
100,000.
D) Add a standard filter where the "Payment" object's "Organization ID" equals BU5, and advanced option
"Exclude" is checked.
E) Add a standard filter where the "Payment" object's "Organization ID" equals BU1, BU2, BU3, BU4.


4. Which three objects can be related to issues when creating an issue on the Manage Issues page? (Choose three.)

A) Processes
B) Test Plans
C) Controls
D) Perspectives
E) Assessments
F) Risks


5. Youhave imported risks in Financial Reporting Compliance using data migration. Your client is asking if you can add controls for these risks.
Which two statements are true? (Choose two.)

A) To relate controls to risks, the risks must be in "approved" state.
B) You cannot use the Data Migration tool to add control records to map to existing risks.
C) You can manually add control definitions and relate them to the risks in Financial Reporting Compliance.
D) To relate controls, risks must be assigned to the same perspective that isassigned to the control you want to map it to.
E) You can use the Data Migration tool to add control records for the existing risks.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: B,E
Question # 4
Answer: A,C,F
Question # 5
Answer: D,E

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