Oracle Exam 1Z0-1060-24 Topic 4 Question 7 Discussion

Actual exam question for Oracle's 1Z0-1060-24 exam

Question #: 7
Topic #: 4

Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. While analyzing the source transaction system, you are asked to propose an event model based on the activities performed by the company.

Based on your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?

AEvent types

BEvent classes

CSource systems

DJournal sources

Show Suggested Answer

Suggested Answer: A

by Lon at Mar 07, 2025, 03:05 PM

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Goldie

3 months ago

Haha, I bet the exam writer was having a field day with this one. Trying to trick us into thinking it's something more complicated than it is. I'm going with B) Event classes.

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Shannan

3 months ago

Event classes could work too, but I still think event types are more suitable.

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Carin

3 months ago

I believe event classes would be a better option for registering these transactions.

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Kaitlyn

3 months ago

I agree with Shannan, event types make the most sense for defining these transactions.

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Deja

3 months ago

A) Event types sounds like a reasonable answer, but I'm not entirely sure. The question is a bit ambiguous, in my opinion.

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Shantay

2 months ago

C) Source systems and Journal sources don't seem like the right choices for defining transaction types.

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Adelle

2 months ago

B) Event classes might also work, but I think Event types would be more specific.

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Raina

2 months ago

Event types would help in organizing and tracking the different transaction activities effectively.

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Jani

2 months ago

I agree, Event types make the most sense for categorizing those activities.

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Rebbecca

2 months ago

I think Event types would be the most appropriate option for defining those transactions.

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Dong

2 months ago

A) Event types would be the most appropriate option for defining those transactions.

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Dean

3 months ago

I'm torn between B) Event classes and D) Journal sources. The transactions seem to be related to the company's financial activities, so they could be considered journal sources as well.

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Tricia

3 months ago

I think the correct answer is B) Event classes. The transactions mentioned are different types of events that the company manages in its source system.

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Lilli

3 months ago

Yes, Event classes would be the appropriate way to categorize these transactions in the source system.

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Beatriz

3 months ago

I agree, the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions should be defined as Event classes.

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Shannan

4 months ago

I think the transactions should be defined as event types.

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