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

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?

During which phase of disaster recovery planning should an organization identify the business units, assets, and systems that are critical to continuing an acceptable level of operations?

In which type of business environment are price cutting strategies and franchising strategies most appropriate?

Which of the following is a limiting factor for capacity expansion?

An organization accumulated the following data for the prior fiscal year:

Value of Percentage of

Quarter

Output Produced

Cost X

1

$4,750,000

2.9

2

$4,700,000

3.0

3

$4,350,000

3.2

4

$4,000,000

3.5

Based on this data, which of the following describes the value of Cost X in relation to the value of Output Produced?

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?

Which of the following is an example of a nonfinancial internal failure quality cost?

An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls. Which of the following audit procedures would not provide assurance to the auditor on this matter?

Which of the following best describes an objective for an audit of an environmental management system?

Which of the following is a type of network in which an organization permits specific users (such as existing customers) to have access to its internal network through the Internet by building a virtual private network?