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Which of the following methods, if used in conjunction with electronic data interchange (EDI), will improve the organization's cash management program, reduce transaction data input time and errors, and allow the organization to negotiate discounts with EDI vendors based on prompt payment?
Which of the following methods, if used in conjunction with electronic data interchange (EDI), will improve the organization's cash management program, reduce transaction data input time and errors, and allow the organization to negotiate discounts with EDI vendors based on prompt payment?A . Electronic funds transfer.B . Knowledge-based systems.C ....
Which of the following statements is true regarding outsourced business processes?
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...
Organizational activities that complement each other and create a competitive advantage are called a:
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 statements about matrix organizations is false?
Which of the following statements about matrix organizations is false?A . In a matrix organization, conflict between functional and product managers may arise.B . In a matrix organization, staff under dual command is more likely to suffer stress at work.C . Matrix organizations offer the advantage of greater flexibility.D ....
In an organization where enterprise risk management practices are mature, which of the following is a core internal audit role?
In an organization where enterprise risk management practices are mature, which of the following is a core internal audit role?A . Giving assurance that risks are evaluated correctly.B . Developing the risk management strategy for the board's approval.C . Facilitating the identification and evaluation of risks.D . Coaching management in...
What is the shortest number of days in which the project can be completed?
Refer to the exhibit. The figure below shows the network diagram for the activities of a large project . What is the shortest number of days in which the project can be completed?A . 21 days.B . 22 days.C . 27 days.D . 51 days.View AnswerAnswer: C
A software that translates hypertext markup language (HTML) documents and allows a user to view a remote web page is called:
A software that translates hypertext markup language (HTML) documents and allows a user to view a remote web page is called:A . A transmission control protocol/Internet protocol (TCP/IP).B . An operating system.C . A web browser.D . A web server.View AnswerAnswer: C
Which of the following is not a barrier to effective communication?
Which of the following is not a barrier to effective communication?A . Filtering.B . Communication overload.C . Similar frames of reference.D . Lack of source credibility.View AnswerAnswer: C
Which of the following does not provide operational assurance that a computer system is operating properly?
Which of the following does not provide operational assurance that a computer system is operating properly?A . Performing a system audit.B . Making system changes.C . Testing policy compliance.D . Conducting system monitoring.View AnswerAnswer: B
According to the COSO enterprise risk management (ERM) framework, which of the following is not a typical responsibility of the chief risk officer?
According to the COSO enterprise risk management (ERM) framework, which of the following is not a typical responsibility of the chief risk officer?A . Establishing risk category definitions and a common risk language for likelihood and impact measures.B . Defining ERM roles and responsibilities.C . Providing the board with an...
