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Which of the following statements is in accordance with COBIT?
Which of the following statements is in accordance with COBIT? 1) Pervasive controls are general while detailed controls are specific. 2) Application controls are a subset of pervasive controls. 3) Implementation of software is a type of pervasive control. 4) Disaster recovery planning is a type of detailed control.A ....
Which of the following statements about market signaling is correct?
Which of the following statements about market signaling is correct? 1) The organization releases information about a new product generation. 2) The organization limits a challenger's access to the best source of raw materials or labor. 3) The organization announces that it is fighting a new process technology. 4) The...
During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:
During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:A . Access to read application logs is restricted to authorized users.B . Account balance information is encrypted in the database.C...
When an organization is choosing a new external auditor, which of the following is the most appropriate role for the chief audit executive to undertake?
When an organization is choosing a new external auditor, which of the following is the most appropriate role for the chief audit executive to undertake?A . Review and acquire the external audit service.B . Assess the appraisal and actuarial services.C . Determine the selection criteria.D . Identify regulatory requirements to...
Which of the following describes how the optimal order size will change if the annual demand increases by 36 percent?
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 ....
In terms of software licenses and copyright law, which of the following is correct?
A department purchased one copy of a software program for internal use. The manager of the department installed the program on an office computer and then made two complete copies of the original software. Copy 1 was solely for backup purposes. Copy 2 was for use by another member of...
An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?
An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?A . $350,000B . $500,000C . $850,000D . $1,200,000View AnswerAnswer: B
Where complex problems need to be addressed, which of the following communication networks would be most appropriate?
Where complex problems need to be addressed, which of the following communication networks would be most appropriate?A . Chain.B . All-channel.C . Circle.D . Wheel.View AnswerAnswer: B
According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) program?
According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) program? 1) Every employee generally has a responsibility for ensuring the success of CSR objectives. 2) The board has overall responsibility for the effectiveness of internal control processes associated with...
Which of the following techniques is the most relevant when an internal auditor conducts a valuation of an organization's physical assets?
Which of the following techniques is the most relevant when an internal auditor conducts a valuation of an organization's physical assets?A . Observation.B . Inspection.C . Original cost.D . Vouching.View AnswerAnswer: B
