Pass the IIA CIA IIA-CIA-Part3-3P Questions and answers with CertsForce

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Viewing questions 61-70 out of questions
Questions # 61:

Which of the following strategies would most likely prevent an organization from adjusting to evolving industry market conditions?

Options:

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 a period of time to gain market share from its competitors.


D.

Using the same branding to sell its products through new sales channels to target new markets.


Questions # 62:

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?

Options:

A.

Risk response.


B.

Risk identification.


C.

Identification of context.


D.

Risk assessment.


Questions # 63:

An organization had three large centralized divisions: one that received customer orders for service work; one that scheduled the service work at customer locations; and one that answered customer calls about service

problems. These three divisions were restructured into seven regional groups, each of which performed all three functions. One advantage of this restructuring would be:

Options:

A.

Better internal controls.


B.

Greater economies of scale.


C.

Improved work flow.


D.

Increased specialization.


Questions # 64:

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?

Options:

A.

$350,000


B.

$500,000


C.

$850,000


D.

$1,200,000


Questions # 65:

In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?

Options:

A.

It uses the same products in all countries.


B.

It centralizes control with little decision-making authority given to the local level.


C.

It is an effective strategy when large differences exist between countries.


D.

It provides cost advantages, improves coordinated activities, and speeds product development.


Questions # 66:

Which of the following is a characteristic of just-in-time inventory management systems?

Options:

A.

Users determine the optimal level of safety stocks.


B.

They are applicable only to large organizations.


C.

They do not really increase overall economic efficiency because they merely shift inventory levels further up the supply chain.


D.

They rely heavily on high quality materials.


Questions # 67:

Which of the following are appropriate functions for an IT steering committee?

1) Assess the technical adequacy of standards for systems design and programming.

2) Continually monitor of the adequacy and accuracy of software and hardware in use.

3) Assess the effects of new technology on the organization`s IT operations.

4) Provide broad oversight of implementation, training, and operation of new systems.

Options:

A.

1, 2, and 3


B.

1, 2, and 4


C.

1, 3, and 4


D.

2, 3, and 4


Questions # 68:

According to IIA guidance, which of the following corporate social responsibility (CSR) evaluation activities may be performed by the internal audit activity?

1) Consult on CSR program design and implementation.

2) Serve as an advisor on CSR governance and risk management.

3) Review third parties for contractual compliance with CSR terms.

4) Identify and mitigate risks to help meet the CSR program objectives.

Options:

A.

1, 2, and 3


B.

1, 2, and 4


C.

1, 3, and 4


D.

2, 3, and 4


Questions # 69:

Which of the following statements regarding database management systems is not correct?

Options:

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 system.


C.

Applications pass on the instructions for data manipulation which are then executed by the database

management system.


D.

The data within the database management system can only be manipulated directly by the database management system administrator.


Questions # 70:

A supervisor receives a complaint from an employee who is frustrated about having to learn a new software

program. The supervisor responds that the new software will enable the employee to work more efficiently and with greater accuracy. This response is an example of:

Options:

A.

Empathetic listening.


B.

Reframing.


C.

Reflective listening.


D.

Dialogue.


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