IIA-CIA-Part3

The economic order quantity can be calculated using the following formula: Which of the following describes how the optimal order size will change if the annual demand increases by 36 percent?A . Decrease by about 17 percent.B . Decrease by about 7 percent.C . Increase by about 7 percent.D ....

A milestone requires resource allocation and needs time to be completed.A . 1 and 4 onlyB . 2 and 3 onlyC . 1, 2, and 3 onlyD . 1, 2, 3, and 4View AnswerAnswer: C

In creating a risk-based plan, which of the following best describes a top-down approach to understanding business processes?A . Identifying the processes at the activity level.B . Analyzing the organization's strategic plan where the business processes are defined.C . Analyzing the organization's objectives and identifying the processes needed to achieve...

It can lead to cultural myopia.A . 1 and 4 onlyB . 2 and 3 onlyC . 1, 2, and 3 onlyD . 1, 2, and 4 onlyView AnswerAnswer: D

Which stage in the industry life cycle is characterized by many different product variations?A . Introduction.B . Growth.C . Maturity.D . Decline.View AnswerAnswer: A

The organization makes exclusive arrangements with the channels.A . 1 and 3 onlyB . 1 and 4 onlyC . 2 and 3 onlyD . 2 and 4 onlyView AnswerAnswer: A

Which of the following are the most appropriate measures for evaluating the change in an organization's liquidity position?A . Times interest earned, return on assets, and inventory turnover.B . Accounts receivable turnover, inventory turnover in days, and the current ratio.C . Accounts receivable turnover, return on assets, and the current...

Which of the following is the primary benefit of including end users in the system development process?A . Improved integrity of programs and processing.B . Enhanced ongoing maintenance of the system.C . Greater accuracy of the testing phase.D . Reduced need for unexpected software changes.View AnswerAnswer: C

Which of the following statements is correct regarding risk analysis?A . The extent to which management judgments are required in an area could serve as a risk factor in assisting the auditor in making a comparative risk analysis.B . The highest risk assessment should always be assigned to the area...

Which of the following is a role of the board of directors in the governance process?A . Conduct periodic assessments of the organization's governance systems.B . Obtain assurance concerning the effectiveness of the organization's governance systems.C . Implement an effective system of internal controls to support the organization's governance systems.D...