[Jun-2022] Latest IIA IIA-CIA-Part3 exam dumps and online Test Engine [Q195-Q217]

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[Jun-2022] Latest IIA IIA-CIA-Part3 exam dumps and online Test Engine

IIA IIA-CIA-Part3: Selling Certified Internal Products and Solutions

IIA IIA-CIA-Part3 Exam Syllabus Topics:

Topic	Details
Topic 1	Recognize core activities in the systems development lifecycle and delivery Recognize the purpose and applications of IT control frameworks
Topic 2	?Explain general concepts of managerial accounting ?Examine the risk and control implications of common business processes
Topic 3	Recognize the application of data analytics methods in internal auditing Explain the purpose and use of various information security controls
Topic 4	Explain basic IT infrastructure and network concepts ?Recognize existing and emerging cybersecurity risks
Topic 5	?Recognize advanced and emerging financial accounting concepts Organizational Structure and Business Processes
Topic 6	Differentiate types of common physical security controls Examine common performance measures
Topic 7	Recognize data privacy laws and their potential impact on data security policies and practices Explain disaster recovery planning site concepts
Topic 8	Recognize emerging technology practices and their impact on security Appraise the risk and control implications of different organizational configuration structures
Topic 9	Explain the data analytics process ?Differentiate the various forms of user authentication and authorization controls

NEW QUESTION 195
The cost of materials has risen steadily over the year. Which of the following methods of estimating the ending balance of the materials inventory account will result in the highest profit assuming all other variables remain constant?

Last-in, first-out LIFO

First-in, first-out FIFO C Weighted average D Specific identification

NEW QUESTION 196
Because of competitive pressures to be more responsive to their customers, some organizations have connected their internal personal computer networks through a host computer to outside networks. A risk of this practice is that:

Viruses may gain entry to one or more company systems.

Uploaded files may not be properly edited and validated.

Data downloaded to the personal computers may not be sufficiently timely

Software maintenance on the personal computers may become more costly.

NEW QUESTION 197
A company prepares a flexible budget each month for manufacturing costs. Formulas have been developed for all costs within a relevant range of 5,000 to 15,000 units per month. The budget for electricity a semi variable cost) is US $19,800 at 9.000 units per month, and US $21,000 at 10,000 units per month. How much should be budgeted for electricity for the coming month if 12,000 units are to be produced?

US $26,400

US $25,200

US $23,400

US $22,200

NEW QUESTION 198
Which of the following observations concerning quality control is most accurate?

Process quality control is used when examining the quality of goads or services that already exist.

Process quality control is used to prevent defects, and product quality control is used primarily to identify defects after the fact.

Product quality control is designed to balance the marketability of higher quality against the cast of attaining higher quality.

Product quality control is more important than process quality control.

NEW QUESTION 199
Total inventory ordering costs per year equal:

US $1,250

US $2,400

US $2,880

US $3,600

NEW QUESTION 200
In a traditional manufacturing operation, direct costs would normally include:

Machine repairs in an automobile factory.

Electricity in an electronics plant.

Wood in a furniture factory.

Commissions paid to sales personnel.

NEW QUESTION 201
An organization that sells products to a foreign subsidiary wants to charge a price that will decrease import tariffs. Which of the following is the best course of action for the organization?

Decrease the transfer price.

Increase the transfer price.

Charge at the arm’s length price.

Charge at the optimal transfer price.

NEW QUESTION 202
A company manufactures a single product. Estimated cost data regarding this product and other information for the product and the company are as follows:

The number of units the company must sell in the coming year in order to reach its breakeven point is:

388,800 units

518,400 units

583,200 units

972,000 units

NEW QUESTION 203
The expected value of perfect information is the:

Same as the expected profit under certainty.

Sum of the conditional profit loss) for the best event of each act times the probability of each event occurring.

Difference between the expected profit under certainty and the expected opportunity loss.

Difference between the expected profit under certainty and the expected monetary value of the best act under uncertainty.

NEW QUESTION 204
According to Maslow’s hierarchy of needs theory, which of the Mowing best describes a strategy where a manager offers an assignment to a subordinate specifically to support his professional growth and future advancement?

Esteem by colleagues

Sell-fulfillment

Sense of belonging in the organization

Job security

NEW QUESTION 205
Which of the following statements is true regarding the relationship between an individual’s average tax rate and marginal tax rate?

In a regressive personal tax system, an individual’s marginal tax rate is normally greater than his average tax rate.

In a regressive personal tax system, an individual’s marginal tax rate is normally equal to his average tax rate.

In a progressive personal tax system, an individual’s marginal tax rate is normally equal to his average tax rate.

In a progressive personal tax system, an individual’s marginal tax rate is normally greater than his average tax rate.

NEW QUESTION 206
According to Porter’s model of competitive strategy, which of the following is a generic
strategy?
1.Differentiation.
2.Competitive advantage.
3.Focused differentiation.
4.Cost focus.

2 only

3 and 4 only

1, 3, and 4 only

1, 2, 3, and 4

NEW QUESTION 207
The economic reasoning dictating that each nation specialize in the production of goods that it produces relatively more efficiently than other nations and import those goods that are produced relatively more efficiently by other nations is called the doctrine of:

Efficient trade.

Diminishing returns.

Relative competition.

Comparative advantage.

NEW QUESTION 208
Consideration consists of:

Something with monetary value.

Each party’s receiving an actual benefit only.

Two promises.

Legal sufficiency and bargained-for exchange.

NEW QUESTION 209
On a balanced scorecard, which is more of an internal process measure than an external based measure?

Cycle time.

Profitability.

Customer satisfaction.

Market share.

NEW QUESTION 210
The online data entry control called performatting is:

A program initiated prior to regular input to discover errors in data before entry so that the errors can be corrected.

A check to determine if all data items for a transaction have been entered by the person entering the data.

A aeries of requests for required input data that requires an acceptable response to each request before a subsequent request is made.

The display of a document with blanks for data items to be entered by the person entering the data.

NEW QUESTION 211
A customer, operating in isolated foreign market, has approached the head salesperson for Product Line I and offered to purchase 4.000 units of a special-order product over the next 12 months_ This product would be sold in the same as Product Line 1’s other products except that the customer is hoping for a price break. Product Line 1’s cost to purchase this product cost of sales) would be US $14.70. Product Line 1 has excess capacity, meaning that the rate or amount of the remaining operating costs would not change as a consequence of the purchase and sale of this special- order product. The minimum selling price for this special-order product would be:

US $15.00

US $17.30

US $27.50

US $30.20

NEW QUESTION 212
An organization has a complex systems infrastructure consisting of multiple internally developed, off the shelf, and purchased but significantly customized applications. Some of these applications share databases or process data that is used by another stand-alone application, and interfaces have been written to move data between these applications as needed through batch processing Which of the following situations presents the greatest risk exposure given this environment?

Documentation of each system and its interactions, interfaces, and dependencies with other systems and databases is not gathered and maintained.

Batch processing jobs include key financial data that is not posted to the accounting system until the next day. preventing real-time queries.

The job scheduling tool frequently malfunctions, causing scheduled jobs not to run. An error message is sent to IT personnel when a job fails.

The implementation of a major update for a key application is delayed until any potential

NEW QUESTION 213
Which of the following is not a criterion for hedge accounting?

The hedge is expected to be highly effective and can be reliably measured.

The hedge is assessed only at its inception.

A forecast transaction subject to a cash flow hedge must be highly probable.

The hedge is formally designated and documented at its inception.

NEW QUESTION 214
What type of computer processing system is characterized by data that are assembled from more than one location and records that are updated immediately?

Personal computer systems.

Data compression systems.

Batch processing systems.

Online, real-time systems.

NEW QUESTION 215
Cost of goods sold in Year 2 was:

US $147,000

US $160,000

US $167,000

US $180,000

NEW QUESTION 216
A control for ensuring that the source code and the executable code for a program match is:

Verifying that the program move request is authorized.

Requiring program, system, and parallel testing of the code.

Authorizing programmer access to test libraries only.

Recompiling source code into the production load library.

NEW QUESTION 217
A bank is designing an on-the-job training program for its branch managers. The bank would like to design the program so that participants can complete it as quickly as possible. The training program requires that certain activities be completed before others. For example, a participant cannot make credit loan decisions without first having obtained experience in the loan department. An appropriate scheduling technique for this training program is:

PERT/CPM.

Linear programming.

Queuing theory.

Sensitivity analysis.