IIA-CIA-Part3 V0

Which of the following would most likely serve as a foundation for individual operational goats?A . Individual skills and capabilities.B . Alignment with organizational strategy.C . Financial and human resources of the unit.D . Targets of key performance indicatorsView AnswerAnswer: D

Which of the following lists best describes the classification of manufacturing costs?A . Direct materials, indirect materials, raw materials.B . Overhead costs, direct labor, direct materials.C . Direct materials, direct labor, depreciation on factory buildings.D . Raw materials, factory employees' wages, production selling expenses.View AnswerAnswer: B

An organization has a declining inventory turnover but an increasing gross margin rate. Which of the following statements can best explain this situation?A . he organization's operating expenses are increasing.B . The organization has adopted just-in-time inventory.C . The organization is experiencing inventory theft.D . The organization's inventory is overstated.View...

Which of the following is a characteristic of using a hierarchical control structure?A . Less use of policies and procedures.B . Less organizational commitment by employees.C . Less emphasis on extrinsic rewards.D . Less employee’s turnover.View AnswerAnswer: B

Which of the following best describes owner's equity?A . Assets minus liabilities.B . Total assets.C . Total liabilities.D . Owners contribution plus drawings.View AnswerAnswer: A

Which of the following controls would be most efficient to protect business data from corruption and errors?A . Controls to ensure data is unable to be accessed without authorization.B . Controls to calculate batch totals to identify an error before approval.C . Controls to encrypt the data so that corruption...

Which of the following is most influenced by a retained earnings policy?A . Cash.B . Dividends.C . Gross margin.D . Net income.View AnswerAnswer: D

Which of the following would most likely serve as a foundation for individual operational goats?A . Individual skills and capabilities.B . Alignment with organizational strategy.C . Financial and human resources of the unit.D . Targets of key performance indicatorsView AnswerAnswer: D

A newly appointed board member received an email that appeared to be from the company's CEO. The email stated: “Good morning. As you remember, the closure of projects is our top priority. Kindly organize prompt payment of the attached invoice for our new solar energy partners.” The board member quickly...

An organization discovered fraudulent activity involving the employee time-tracking system. One employee regularly docked in and clocked out her co-worker friends on their days off, inflating their reported work hours and increasing their wages. Which of the following physical authentication devices would be most effective at disabling this fraudulent scheme?A...