Explanation:
The dictionary file will be created in a directory defined by UTL_FILE_DIR parameter in the parameter file.
Incorrect Answers:
2: There is no CREATE DBMS LOGMSR command in Oracle.
3: The dictionary file must be created BEFORE the log file analysis has completed.
4: The dictionary file is not used as a backup if the data dictionary gets corrupted.
Oracle 8, DBA Certification Exam Guide, Jason S. Couchman, p. 1160
Chapter 24: Oracle8i New Features Topics

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