IIA-CIA-Part3-3P

An organization decided to install a motion detection system in its warehouse to protect against after-hours theft. According to the COSO enterprise risk management framework, which of the following best describes this risk management strategy?A . Avoidance.B . Reduction.C . Elimination.D . Sharing.View AnswerAnswer: B

According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) program? 1) Every employee generally has a responsibility for ensuring the success of CSR objectives. 2) The board has overall responsibility for the effectiveness of internal control processes associated with...

Which of the following is a key characteristic of a zero-based budget?A . A zero-based budget provides estimates of costs that would be incurred under different levels of activity.B . A zero-based budget maintains focus on the budgeting process.C . A zero-based budget is prepared each year and requires each...

Which of the following statements is true regarding outsourced business processes?A . Outsourced business processes should not be considered in the internal audit universe because the controls are owned by the external service provider.B . Generally, independence is improved when the internal audit activity reviews outsourced business processes.C . The...

Which of the following is the best approach to overcome entry barriers into a new business?A . Offer a standard product that is targeted in the recognized market.B . Invest in commodity or commodity-like product businesses.C . Enter into a slow-growing market.D . Use an established distribution relationship.View AnswerAnswer: D

Which of the following is an element of effective negotiating?A . Ensuring that the other party has a personal stake in the agreement.B . Focusing on interests rather than on obtaining a winning position.C . Considering a few select choices during the settlement phase.D . Basing the agreement on negotiating...

Organizational activities that complement each other and create a competitive advantage are called a:A . Merger.B . Strategic fit.C . Joint venture.D . Strategic goal.View AnswerAnswer: B

Which of the following is a disadvantage of selecting a commercial software package rather than developing an application internally?A . Lack of flexibility.B . Incompatibility with client/server technology.C . Employee resistance to change.D . Inadequate technical support.View AnswerAnswer: A

For an engineering department with a total quality management program, important elements of quality management include all of the following except:A . Basing performance evaluations on the number of projects completed.B . Comparing results with those of other engineering departments.C . Creating a quality council within the engineering department.D ....

Which of the following distinguishes the added-value negotiation method from traditional negotiating methods?A . Each party's negotiator presents a menu of options to the other party.B . Each party adopts one initial position from which to start.C . Each negotiator minimizes the information provided to the other party.D . Each...