IIA-CIA-Part3 exam

Sales trends.A . 1 onlyB . 4 onlyC . 1 and 4 onlyD . 1, 2, and 3 onlyView AnswerAnswer: C

Which of the following is a product-oriented definition of a business rather than a market-oriented definition of a business?A . We are a people-and-goods mover.B . We supply energy.C . We make movies.D . We provide climate control in the home.View AnswerAnswer: C

Which of the following is the best reason for considering the acquisition of a nondomestic organization?A . Relatively fast market entry.B . Improved cash flow of the acquiring organization.C . Increased diversity of corporate culture.D . Opportunity to influence local government policy.View AnswerAnswer: A

The internal audit activity completed an initial risk analysis of the organization's data storage center and found several areas of concern. Which of the following is the most appropriate next step?A . Risk response.B . Risk identification.C . Identification of context.D . Risk assessment.View AnswerAnswer: D

Which mindset promotes the most comprehensive risk management strategy?A . Increase shareholder value.B . Maximize market share.C . Improve operational efficiency.D . Mitigate losses.View AnswerAnswer: A

International marketing activities often begin with:A . Standardization.B . Global marketing.C . Limited exporting.D . Domestic marketing.View AnswerAnswer: C

Which of the following best describes the concept of relevant cost?A . A future cost that is the same among alternatives.B . A future cost that differs among alternatives.C . A past cost that is the same among alternatives.D . A past cost that differs among alternatives.View AnswerAnswer: B

Which of the following factors would reduce dissatisfaction for a management trainee but would not particularly motivate the trainee?A . A sense of achievement.B . Promotion.C . Recognition.D . An incremental increase in salary.View AnswerAnswer: D

Refer to the exhibit. The figure below shows the network diagram for the activities of a large project. What is the shortest number of days in which the project can be completed?A . 21 days.B . 22 days.C . 27 days.D . 51 days.View AnswerAnswer: C

Which of the following activities most significantly increases the risk that a bank will make poor-quality loans to its customers?A . Borrowers may not sign all required mortgage loan documentation.B . Fees paid by the borrower at the time of the loan may not be deposited in a timely manner.C...