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Which of the following must be adjusted to index a progressive tax system to inflation?
Which of the following must be adjusted to index a progressive tax system to inflation?A . Tax deductions, exemptions, and tax filings.B . Tax deductions, exemptions, and tax brackets.C . Tax brackets, tax deductions, and tax payments.D . Tax brackets, exemptions, and nominal tax receipts.View AnswerAnswer: B
Which of the following is a characteristic of just-in-time inventory management systems?
Which of the following is a characteristic of just-in-time inventory management systems?A . Users determine the optimal level of safety stocks.B . They are applicable only to large organizations.C . They do not really increase overall economic efficiency because they merely shift inventory levels further up the supply chain.D ....
One change control function that is required in client/server environments, but is not required in mainframe environments, is to ensure that:
One change control function that is required in client/server environments, but is not required in mainframe environments, is to ensure that:A . Program versions are synchronized across the network.B . Emergency move procedures are documented and followed.C . Appropriate users are involved in program change testing.D . Movement from the...
Which of the following would not be a typical responsibility for the CAE?
A chief audit executive (CAE) was asked to participate in the selection of an external auditor. Which of the following would not be a typical responsibility for the CAE?A . Evaluate the proposed external auditor fee.B . Recommend criteria to be used in the selection process.C . Develop appropriate performance...
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
Ensure that performance targets are always achieved.
Ensure that performance targets are always achieved.A . 1 and 3 onlyB . 2 and 4 onlyC . 1, 2, and 3 onlyD . 1, 2, 3, and 4View AnswerAnswer: C
According to IIA guidance, which of the following is a typical risk associated with the tender process and contracting stage of an organization's IT outsourcing life cycle?
According to IIA guidance, which of the following is a typical risk associated with the tender process and contracting stage of an organization's IT outsourcing life cycle?A . The process is not sustained and is not optimized as planned.B . There is a lack of alignment to organizational strategies.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
Which internal control component is most negatively affected?
An organization engages in questionable financial reporting practices due to pressure to meet unrealistic performance targets. Which internal control component is most negatively affected?A . Monitoring.B . Control activities.C . Risk assessment.D . Control environment.View AnswerAnswer: D
Which of the following is the most likely reason an organization may decide to undertake a stock split?
Which of the following is the most likely reason an organization may decide to undertake a stock split?A . To keep stock price constant.B . To keep shareholders' equity constant.C . To increase shareholders' equity.D . To enhance the stock liquidity.View AnswerAnswer: D
