IIA-CIA-Part3

Provide broad oversight of implementation, training, and operation of new systems.A . 1, 2, and 3B . 1, 2, and 4C . 1, 3, and 4D . 2, 3, and 4View AnswerAnswer: D

A capital investment project will have a higher net present value, everything else being equal, if it has:A . A higher initial investment level.B . A higher discount rate.C . Cash inflows that are larger in the later years of the life of the project.D . Cash inflows that are...

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...

Which of the following is true regarding an organization's relationship with external stakeholders?A . Specific guidance must be followed when interacting with nongovernmental organizations.B . Disclosure laws tend to be consistent from one jurisdiction to another.C . There are several internationally recognized standards for dealing with financial donors.D . Legal...

Which of the following would best prevent unauthorized external changes to an organization's data?A . Antivirus software, firewall, data encryption.B . Firewall, data encryption, backup procedures.C . Antivirus software, firewall, backup procedures.D . Antivirus software, data encryption, change logs.View AnswerAnswer: A

According to IIA guidance, which of the following corporate social responsibility (CSR) activities is appropriate for the internal audit activity to perform?A . Determine the optimal amount of resources for the organization to invest in CSC . Align CSR program objectives with the organization's strategic plan.D . Integrate CSR activities...

Which of the following statements regarding database management systems is not correct?A . Database management systems handle data manipulation inside the tables, rather than it being done by the operating system itself in files.B . The database management system acts as a layer between the application software and the operating...

According to Porter, which of the following is associated with fragmented industries?A . Weak entrance barriers.B . Significant scale economies.C . Steep experience curve.D . Strong negotiation power with suppliers.View AnswerAnswer: A

In which type of business environment are price cutting strategies and franchising strategies most appropriate?A . Embryonic, focused.B . Fragmented, decline.C . Mature, fragmented.D . Competitive, embryonic.View AnswerAnswer: C

Which of the following price adjustment strategies encourages prompt payment?A . Cash discounts.B . Quantity discounts.C . Functional discounts.D . Seasonal discounts.View AnswerAnswer: A