IIA-CIA-Part3 exam

Which of the following is a characteristic of an emerging industry?A . Established strategy of players.B . Low number of new firms.C . High unit costs.D . Technical expertise.View AnswerAnswer: C

Identify and prioritize the resources required to support critical business processes.A . 1 onlyB . 2 and 4 onlyC . 1, 3, and 4 onlyD . 1, 2, 3, and 4View AnswerAnswer: A

Which of the following statements about COBIT is not true?A . COBIT helps management understand and manage the risks associated with information technology (IT) processes.B . Management needs to determine the cost-benefit ratio of adopting COBIT control objectives.C . COBIT control objectives are specific to various IT platforms and help...

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...

Maintenance cost at a hospital was observed to increase as activity level increased. The following data was gathered: Activity Level - Maintenance Cost Month Patient Days Incurred January 5,600 $7,900 February 7,100 $8,500 March 5,000 $7,400 April 6,500 $8,200 May 7,300 $9,100 June 8,000 $9,800 If the cost of maintenance...

Which of the following professional organizations sets standards for quality and environmental audits?A . The Committee of Sponsoring Organizations of the Treadway Commission.B . The Board of Environmental, Health, and Safety Auditor Certifications.C . The International Organization of Supreme Audit Institutions.D . The International Standards Organization.View AnswerAnswer: D

Technological uncertainty, subsidy, and spin-offs are usually characteristics of:A . Fragmented industries.B . Declining industries.C . Mature industries.D . Emerging industries.View AnswerAnswer: D

Which of the following strategies would most likely prevent an organization from adjusting to evolving industry market conditions?A . Specializing in proven manufacturing techniques that have made the organization profitable in the past.B . Substituting its own production technology with advanced techniques used by its competitors.C . Forgoing profits over...

Which of the following purchasing scenarios would gain the greatest benefit from implementing electronic data interchange?A . A time-sensitive just-in-time purchase environment.B . A large volume of custom purchases.C . A variable volume sensitive to material cost.D . A currently inefficient purchasing process.View AnswerAnswer: A

Which of the following professional organizations sets standards for quality and environmental audits?A . The Committee of Sponsoring Organizations of the Treadway Commission.B . The Board of Environmental, Health, and Safety Auditor Certifications.C . The International Organization of Supreme Audit Institutions.D . The International Standards Organization.View AnswerAnswer: D