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NEW QUESTION 246
Which of the following can be classified as debt investments?
- A. Acquisition of common of a stock corporation.
- B. Acquisition of government bonds.
- C. Contents of an investment portfolio.
- D. Investments in the capital stock of a corporation.
Answer: B
NEW QUESTION 247
Which of me following application controls is the most dependent on the password owner?
- A. Password lockout
- B. Password selection
- C. Password aging
- D. Password rotation
Answer: B
NEW QUESTION 248
Which of the following is an example of an application control?
- A. Formatted data fields
- B. User testing of system changes
- C. Automated password change requirements
- D. System data backup process
Answer: A
NEW QUESTION 249
A company produces water buckets with the following costs per bucket:
Direct labor = $2
Direct material = $5
Fixed manufacturing = $3.50
Variable manufacturing = $2.50
The water buckets are usually sold for $15. However, the company received a special order for 50,000 water buckets at $11 each.
Assuming there is adequate manufacturing capacity and all other variables are constant, what is the relevant cost per unit to consider when deciding whether to accept this special order at the reduced price?
- A. $9.50
- B. $10.50
- C. $11
- D. $13
Answer: B
NEW QUESTION 250
Which of the following is true regarding an organization's relationship with external stakeholders?
- A. Legal representation should be consulted before releasing internal audit information to other assurance
- B. Disclosure laws tend to be consistent from one jurisdiction to another.
- C. Specific guidance must be followed when interacting with nongovernmental organizations.
- D. There are several internationally recognized standards for dealing with financial donors.
Answer: A
NEW QUESTION 251
When using data analytics during a review of the procurement process what is the first step in the analysis process?
- A. identify data sources available
- B. Define questions to be answered
- C. Identity data anomalies and outliers
- D. Determine the scope of the data extract
Answer: A
NEW QUESTION 252
Which of the following is improved by the use of smart devices?
- A. Secure authentication
- B. Privacy
- C. Version control
- D. Portability
Answer: D
NEW QUESTION 253
An organization recently documented its procedures for recovering systems and data after a disaster How are these documented procedures most likely to be used during a disaster simulation exercise?
- A. To help validate the contact information of key personnel required to recover systems and data
- B. To help identify training needs across the functional areas required to recover systems and data.
- C. To help property configure mass communication notification tools
- D. To help ensure that the team members who are required to recover systems and data understand their roles.
Answer: D
NEW QUESTION 254
In which of the following scenarios would transfer pricing be used?
- A. Company A moves goods internally from one location to another.
- B. Company A owns both Company B and Company C; all three companies sell goods to the public.
- C. Company A does not own Company
Company A charges Company B a fee to sell Company B's goods without taking ownership of the goods. - D. Company A owns Company B; Company B sells goods to Company
Answer: D
NEW QUESTION 255
Which of me following is true of matrix organizations?
- A. Authority responsibility and accountability of the units involved may vary based on the project's life, or the organization's culture
- B. It is best suited for firms with scattered locations or for multi-lira. large-scale firms
- C. A unity-of-command concept requires employees to report technically, functionally, and administratively to the same manager
- D. A combination of product and functional departments allows management lo utilize personnel from various functions
Answer: D
NEW QUESTION 256
Which of the following stages of group development is associated with accepting team responsibilities?
- A. Performing stage.
- B. Storming stage.
- C. Norming stage.
- D. Forming stage.
Answer: C
NEW QUESTION 257
Which of the following statements is false regarding the internal audit approach when a set of standards other than The IIA's Standards is applicable to a specific engagement?
- A. If there are inconsistencies between the other standards and The IIA's Standards, the internal auditor must use the less restrictive standards.
- B. The internal auditor may cite the use of other standards during audit communications.
- C. If the other standards are government-issued, the internal auditor should apply them in conjunction with The IIA's Standards.
- D. If there are inconsistencies between the other standards and The IIA's Standards, the internal auditor must use the more restrictive standards.
Answer: A
NEW QUESTION 258
A multinational organization has multiple divisions that sell their products internally to other divisions. When selling internally, which of the following transfer prices would lead to the best decisions for the organization?
- A. Market price of the product
- B. Full cost plus a markup.
- C. Variable cost plus a markup
- D. Full cost
Answer: A
NEW QUESTION 259
In mergers and acquisitions, which of the following is an example of a horizontal combination?
- A. A movie producer acquires movie theaters.
- B. A petroleum processing company acquires an agro-processing firm.
- C. Dairy manufacturing company taking over a large dairy farm.
- D. A baker taking over a competitor.
Answer: D
NEW QUESTION 260
Which of the following is based on the concept that there is not one best leadership style and that successful leadership depends on a match between the leader, the situation, and the subordinate?
- A. Path goal model
- B. Contingency theory
- C. Life cycle model
- D. Attribute theory.
Answer: B
NEW QUESTION 261
Which of the following conflict resolution methods should be applied when the intention of the parties is to solve the problem by clarifying differences and attaining everyone's objectives?
- A. Collaborating.
- B. Accommodating.
- C. Compromising.
- D. Competing.
Answer: A
NEW QUESTION 262
Which of the following statements is true regarding the capital budgeting procedure known as discounted payback period?
- A. It calculates the time a project takes to break even.
- B. It ignores the time value of money
- C. It begins at time zero for the project.
- D. It calculates the overall value of a project
Answer: A
NEW QUESTION 263
Senior management has decided to implement the Three Lines of Defense model for risk management. Which of the following best describes senior management's duties with regard to this model?
- A. Identify management functions.
- B. Set goals for implementation.
- C. Ensure compliance with the model.
- D. Identify emerging issues.
Answer: C
NEW QUESTION 264
Which of the following factors is most responsible for the increasing risk that unauthorized parties may obtain or tamper with personal data?
- A. The lack of legal and industry frameworks on privacy.
- B. The legislated need to retain sensitive personal information.
- C. The rapid growth and evolution of technology.
- D. The absence of generally accepted privacy principles.
Answer: C
NEW QUESTION 265
Which of the following factors would reduce dissatisfaction for a management trainee but would not particularly motivate the trainee?
- A. Promotion.
- B. Recognition.
- C. An incremental increase in salary.
- D. A sense of achievement.
Answer: C
NEW QUESTION 266
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