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IIA IIA-CIA-Part3-3P - CIA Exam Part Three: Business Knowledge for Internal Auditing

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Total 488 questions

During which of the following phases of contracting does the organization analyze whether the market is aligned with organizational objectives?

A.

Initiation phase.

B.

Bidding phase.

C.

Development phase.

D.

Negotiation phase

Which component of an organization's cybersecurity risk assessment framework would allow management to implement user controls based on a user's role?

A.

Prompt response and remediation policy.

B.

Inventory of information assets.

C.

Information access management.

D.

Standard security configurations.

Which of the following are the most common characteristics of big data?

A.

Visibility, validity, vulnerability

B.

Velocity, variety volume.

C.

Complexity completeness constancy

D.

Continuity, control convenience

An organization has a total asset turnover of 3.0 times and a total debt-to-total assets ratio of 80 percent. If the organization has total debt of $1 000 000 what is the organization's sales level?

A.

$266.667

B.

$416,667

C.

$3.750.000

D.

$5 000.000

Which of the following controls is designed to mitigate a physical IT risk?

A.

An automated fire prevention system.

B.

Access control restrictions in a system.

C.

Anti-malware protection software.

D.

A network isolating firewall system.

Which of the following statements is true regarding the "management-by-objectives" method?

A.

Management by objectives is most helpful in organizations that nave rapid changes.

B.

Management by objectives is most helpful in mechanistic organizations with rigidly defined tasks.

C.

Management by objectives helps organizations to keep employees motivated.

D.

Management by objectives helps organizations to distinguish clearly strategic goals from operational goals

In the years after the mind-service point of a depreciable asset which of the following depreciation methods will result in the highest depreciation expense?

A.

Sum of the years' digits

B.

Declining balance

C.

Double-declining balance

D.

Straight line

Which of the following types of analytics focuses less on analysis and more on condensing data into mote meaningful pieces of information?

A.

Diagnostic analytics

B.

Descriptive analytics

C.

Prescriptive analytics

D.

Predictive analytics

Which of the following cost of capital methods identifies the time period required to recover the cost of the capital investment from the annual inflow produced?

A.

Cash payback technique.

B.

Annual rate of return technique.

C.

Internal rate of return method.

D.

Net present value method.

Which of the following situations best applies to an organization that uses a project rather man a process to accomplish its business activities?

A.

A clothing company designs makes and sells a new item.

B.

A commercial constructor company is hired to build a warehouse.

C.

A city department sets up a new firefighter training program.

D.

A manufacturing organization acquires component parts from a contracted vendor