IIA-CIA-Part3 Online Dumps Boost Your Career

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April 2, 2023

The IIA-CIA-Part3 CIA Exam Part Three: Business Knowledge for Internal Auditing certification exam is challenging, and it's natural to feel anxious and nervous before taking the exam. Practicing with IIA-CIA-Part3 dumps questions can help alleviate this anxiety by boosting your confidence. As you practice and become more familiar with the exam format and content, you'll feel more confident in your abilities, which can help you perform better on the actual IIA-CIA-Part3 exam. Practicing with IIA-CIA-Part3 questions can increase your chances of success in the certification exam. Practice free IIA IIA-CIA-Part3 exam dumps below.

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1. Which of the following performance measures disincentives engaging in earnings management?

Linking performance to profitability measures such as return on investment.

Linking performance to the stock price.

Linking performance to quotas such as units produced.

Linking performance to nonfinancial measures such as customer satisfaction and employees training

2. During her annual performance review, a sales manager admits that she experiences significant stress due to her job but stays with the organization because of the high bonuses she earns.

Which of the following best describes her primary motivation to remain in the job?

Intrinsic reward.

Job enrichment

Extrinsic reward.

The hierarchy of needs.

3. Which of the following statements. Is most accurate concerning the management and audit of a web server?

The file transfer protocol (FTP) should always be enabled.

The simple mail transfer protocol (SMTP) should be operating under the most privileged accounts.

The number of ports and protocols allowed to access the web server should be maximized.

Secure protocols for confidential pages should be used instead of dear-text protocols such as HTTP or FT

4. Which type of bond sells at & discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?

High-yield bonds

Commodity-backed bonds

Zero coupon bonds

Junk bonds

5. What is the primary purpose of an Integrity control?

To ensure data processing is complete, accurate, and authorized.

To ensure data being processed remains consistent and intact.

To monitor the effectiveness of other controls

To ensure the output aligns with the intended result.

6. If an organization has a high amount of working capital compared to the industry average, which of the following is most likely true?

Settlement of short-term obligations may become difficult.

Cash may be bed up in items not generating financial value.

Collection policies of the organization are ineffective.

The organization is efficient in using assets to generate revenue.

7. An internal auditor reviews a data population and calculates the mean, median, and range.

What is the most likely purpose of performing this analytic technique?

To inform the classification of the data population.

To determine the completeness and accuracy of the data.

To identify whether the population contains outliers.

To determine whether duplicates in the data inflate the range.

8. Which of the following statements is true regarding a project life cycle?

Risk and uncertainty increase over the life of the project.

Costs and staffing levels are typically high as the project draws to a close.

Costs related to making changes increase as the project approaches completion.

The project life cycle corresponds with the life cycle of the product produced by or modified by the project.

9. Senior management is trying to decide whether to use the direct write-off or allowance method for recording bad debt on accounts receivables.

Which of the following would be the best argument for using the direct write-off method?

It is useful when losses are considered insignificant.

It provides a better alignment with revenue.

It is the preferred method according to The II

It states receivables at net realizable value on the balance sheet.

10. Which of the following is an example of a physical control?

Providing fire detection and suppression equipment

Establishing a physical security policy and promoting it throughout the organization

Performing business continuity and disaster recovery planning

Keeping an offsite backup of the organization's critical data

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11. Several organizations have developed a strategy to open co-owned shopping malls.

What would be the primary purpose of this strategy?

To exploit core competence.

To increase market synergy.

To deliver enhanced value.

To reduce costs.

12. According to Maslow's hierarchy of needs theory, which of the following 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.

Self-fulfillment

Series of belonging in the organization

Job security

13. Following an evaluation of an organization's IT controls, an internal auditor suggested improving the process where results are compared against the input.

Which of the following IT controls would the Internal auditor recommend?

Output controls.

Input controls

Processing controls.

Integrity controls.

14. A manager at a publishing company received an email that appeared to be from one of her vendors with an attachment that contained malware embedded in an Excel spreadsheet . When the spreadsheet was opened, the cybercriminal was able to attack the company's network and gain access to an unpublished and highly anticipated book.

Which of the following controls would be most effective to prevent such an attack?

Monitoring network traffic.

Using whitelists and blacklists to manage network traffic.

Restricting access and blocking unauthorized access to the network

Educating employees throughout the company to recognize phishing attacks.

15. The chief audit executive (CAE) has been asked to evaluate the chief technology officer's proposal to outsource several key functions in the organization's IT department.

Which of the following would be the most appropriate action for the CAE to determine whether the proposal aligns with the organization's strategy?

Understand strategic context and evaluate whether supporting information is reliable and complete.

Ascertain whether governance and approval processes are transparent, documented, and completed.

Perform a due diligence review or asses management's review of provider operations.

Identify key performance measures and data sources.

16. An organization's board of directors is particularly focused on positioning, the organization as a leader in the industry and beating the competition.

Which of the following strategies offers the greatest alignment with the board's focus?

Divesting product lines expected to have negative profitability.

Increasing the diversity of strategic business units.

Increasing investment in research and development for a new product.

Relocating the organization's manufacturing to another country.

17. Packaging and shipping costa.

1 and 2

1 and 3

2 and 4

3 and 4

18. Which of the following would most likely be found in an organization that uses a decentralized organizational structure?

There is a higher reliance on organizational culture.

There are clear expectations set for employees.

There are electronic monitoring techniques employed

There is a defined code far employee behavior.

19. Which of the following actions would senior management need to consider as part of new IT guidelines regarding the organization's cybersecurity policies?

Assigning new roles and responsibilities for senior IT management.

Growing use of bring your own devices for organizational matters.

Expansion of operations into new markets with limited IT access.

Hiring new personnel within the IT department for security purposes.

20. What kind of strategy would be most effective for an organization to adopt in order to Implement a unique advertising campaign for selling identical product lines across all of its markets?

Export strategy.

Transnational strategy

Multi-domestic strategy

Globalization strategy

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21. Which of the following is a result of Implementing on e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and biting?

Higher cash flow and treasury balances.

Higher inventory balances

Higher accounts receivable.

Higher accounts payable

22. With regard to disaster recovery planning, which of the following would most likely involve stakeholders from several departments?

Determining the frequency with which backups will be performed.

Prioritizing the order in which business systems would be restored.

Assigning who in the IT department would be involved in the recovery procedures.

Assessing the resources needed to meet the data recovery objectives.

23. With regard to project management, which of the following statements about project crashing Is true?

It leads to an increase in risk and often results in rework.

It is an optimization technique where activities are performed in parallel rather than sequentially.

It involves a revaluation of project requirements and/or scope.

It is a compression technique in which resources are added so the project.

24. Which of the following best describes a cyberattacK in which an organization faces a denial-of-service threat created through malicious data encryption?

Phishing.

Ransomware.

Hacking.

Makvare

25. During an audit of the payroll system, the internal auditor identifies and documents the following condition: "Once a user is logged into the system, the user has access to all functionality within the system."

What is the most likely root cause for tins issue?

The authentication process relies on a simple password only, which is a weak method of authorization.

The system authorization of the user does not correctly reflect the access rights intended.

There was no periodic review to validate access rights.

The application owner apparently did not approve the access request during the provisioning process.

26. According to Herzberg's Two-Factor Theory of Motivation, which of the following is a factor mentioned most often by satisfied employees?

Security.

Status.

Recognition.

Relationship with coworkers

27. When evaluating the help desk services provided by a third-party service provider which of the following is likely to be the internal auditor's greatest concern?

Whether every call that the service provider received was logged by the help desk.

Whether a unique identification number was assigned to each issue identified by the service provider

Whether the service provider used its own facilities to provide help desk services

Whether the provider's responses and resolutions were well defined according to the service-level agreement.

28. Which of the following is a distinguishing feature of managerial accounting, which is not applicable to financial accounting?

Managerial accounting uses double-entry accounting and cost data.

Managerial accounting uses general accepted accounting principles.

Managerial accounting involves decision making based on quantifiable economic events.

Managerial accounting involves decision making based on predetermined standards.

29. Which of the following is a benefit from the concept of Internet of Things?

Employees can choose from a variety of devices they want to utilize to privately read work emails without their employer’s knowledge.

Physical devices, such as thermostats and heat pumps, can be set to react to electricity market changes and reduce costs.

Information can be extracted more efficiently from databases and transmitted to relevant applications for in-depth analytics.

Data mining and data collection from internet and social networks is easier, and the results are more comprehensive

30. Which of the following is an indicator of liquidity that is more dependable than working capital?

Acid-test (quick) ratio

Average collection period

Current ratio.

Inventory turnover.

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31. While performing an audit of a car tire manufacturing plant, an internal auditor noticed a significant decrease in the number of tires produced from the previous operating period.

To determine whether worker inefficiency caused the decrease, what additional information should the auditor request?

Total tire production labor hours for the operating period.

Total tire production costs for the operating period.

Plant production employee headcount average for the operating period.

The production machinery utilization rates.

32. Which of the following is required in effective IT change management?

The sole responsibility for change management is assigned to an experienced and competent IT team

Change management follows a consistent process and is done in a controlled environment.

Internal audit participates in the implementation of change management throughout the organisation.

All changes to systems must be approved by the highest level of authority within an organization.

33. Which of the following job design techniques would most likely be used to increase employee motivation through job responsibility and recognition?

Job complicating

Job rotation

Job enrichment

Job enlargement

34. Management has established a performance measurement focused on the accuracy of disbursements. The disbursement statistics, provided daily to ail accounts payable and audit staff, include details of payments stratified by amount and frequency.

Which of the following is likely to be the greatest concern regarding this performance measurement?

Articulation of the data

Availability of the data.

Measurability of the data

Relevance of the data.

35. An organization decided to outsource its human resources function. As part of its process migration, the organization is implementing controls over sensitive employee data.

What would be the most appropriate directive control in this area?

Require a Service Organization Controls (SOC) report from the service provider

Include a data protection clause in the contract with the service provider.

Obtain a nondisclosure agreement from each employee at the service provider who will handle sensitive data.

Encrypt the employees 'data before transmitting it to the service provider

36. Which of the following is the best example of IT governance controls?

Controls that focus on segregation of duties, financial, and change management,

Personnel policies that define and enforce conditions for staff in sensitive IT areas.

Standards that support IT policies by more specifically defining required actions

Controls that focus on data structures and the minimum level of documentation required

37. Which of the following concepts of managerial accounting is focused on achieving a point of low or no inventory?

Theory of constraints.

Just-in-time method.

Activity-based costing.

Break-even analysis

38. An organization uses the management-by-objectives method whereby employee performance is based on defined goals.

Which of the following statements is true regarding this approach?

It is particularly helpful to management when the organization is facing rapid change.

It is a more successful approach when adopted by mechanistic organizations.

It is mere successful when goal setting is performed not only by management, but by all team members, including lower-level staff.

It is particularly successful in environments that are prone to having poor employer-employee relations.

39. Which of the following would be a concern related to the authorization controls utilized for a system?

Users can only see certain screens in the system.

Users are making frequent password change requests.

Users Input Incorrect passwords and get denied system access

Users are all permitted uniform access to the system.

40. Which of the following is considered a physical security control?

Transaction logs are maintained to capture a history of system processing.

System security settings require the use of strong passwords and access controls.

Failed system login attempts are recorded and analyzed to identify potential security incidents.

System servers are secured by locking mechanisms with access granted to specific individuals.

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41. Which of the following responsibilities would ordinary fall under the help desk function of an organization?

Maintenance service items such as production support.

Management of infrastructure services, including network management.

Physical hosting of mainframes and distributed servers

End-to -end security architecture design.

42. An internal auditor found the following information while reviewing the monthly financial siatements for a wholesaler of safety

The cost of goods sold was reported at $8,500.

Which of the following inventory methods was used to derive this value?

Average cost method

First-in, first-out (FIFO) method

Specific identification method

Activity-based costing method

43. Which of the following statements is true regarding cost-volume-profit analysis?

Contribution margin is the amount remaining from sales revenue after fixed expenses have been deducted.

Breakeven point is the amount of units sold to cover variable costs.

Breakeven occurs when the contribution margin covers fixed costs.

Following breakover1, he operating income will increase by the excess of fixed costs less the variable costs per units sold.

44. At what stage of project integration management would a project manager and project management team typically coordinate the various technical and organizational interfaces that exist in the project?

Project plan development.

Project plan execution

Integrated change control.

Project quality planning

45. An internal auditor is assessing the risks related to an organization's mobile device policy. She notes that the organization allows third parties (vendors and visitors) to use outside smart devices to access its proprietary networks and systems.

Which of the following types of smart device risks should the internal Auditor be most concerned about?

Compliance.

Privacy

Strategic

Physical security

46. Which of the following attributes of data is the most significantly impacted by the internet of things?

Normalization

Velocity

Structuration

Veracity

47. Which of the following authentication device credentials is the most difficult to revoke when an employee s access rights need to be removed?

A traditional key lock

A biometric device

A card-key system

A proximity device

48. An organization has a declining inventory turnover but an increasing gross margin rate.

Which of the following statements can best explain this situation?

he organization's operating expenses are increasing.

The organization has adopted just-in-time inventory.

The organization is experiencing inventory theft.

The organization's inventory is overstated.

49. What is the primary purpose of data and systems backup?

To restore all data and systems immediately after the occurrence of an incident.

To set the maximum allowable downtime to restore systems and data after the occurrence of an incident.

To set the point in time to which systems and data must be recovered after the occurrence of an incident.

To restore data and systems to a previous point in time after the occurrence of an incident

50. An attacker, posing as a bank representative, convinced an employee to release certain, financial information that ultimately resulted in fraud.

Which of the following best describes this cybersecurity risk?

Shoulder suiting

Pharming,

Phishing.

Social engineering.

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51. When using data analytics during a review of the procurement process, what is the first step in the analysis process?

Identify data anomalies and outliers.

Define questions to be answered.

Identify data sources available.

Determine the scope of the data extract

52. According to 11A guidance on it; which of the following statements is true regarding websites used in e-commerce transactions?

HTTP sites provide sufficient security to protect customers'credit card information.

Web servers store credit cardholders'information submitted for payment.

Database servers send cardholders’ information for authorization in clear text.

Payment gatewaysauthorizecredit cardonlinepayments.

53. In an organization that produces chocolate, the leadership team decides that the organization will open a milk production facility for its milk chocolate.

Which of the following strategies have the organization chosen?

Vertical integration.

Unrelated diversification.

Differentiation

Focus

54. Which of the following parties is most likely to be responsible for maintaining the infrastructure required to prevent the failure of a real-time backup of a database?

IT database administrator.

IT data center manager.

IT help desk function.

IT network administrator.

55. Which of the following best describes owner's equity?

Assets minus liabilities.

Total assets.

Total liabilities.

Owners contribution plus drawings.

56. 1.An organization decided to reorganize into a flatter structure.

Which of the following changes would be expected with this new structure?

Lower costs.

Slower decision making at the senior executive level.

Limited creative freedom in lower-level managers.

Senior-level executives more focused on short-term, routine decision making

57. Which of the following is a primary driver behind the creation and prloritteation of new strategic Initiatives established by an organization?

Risk tolerance

Performance

Threats and opportunities

Governance

58. When executive compensation is based on the organization's financial results, which of the following situations is most likely to arise?

The organization reports inappropriate estimates and accruals due to poof accounting controls.

The organization uses an unreliable process forgathering and reporting executive compensation data.

The organization experiences increasing discontent of employees, if executives are eligible for compensation amounts that are deemed unreasonable.

The organization encourages employee behavior that is inconsistent with the interests of relevant stakeholders.

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

Cash payback technique

Annual rate of return technique.

Internal rate of return method.

Net present value method.

60. A rapidly expanding retail organisation continues to be tightly controlled by its original small management team.

Which of the following is a potential risk in this vertically centralized organization?

Lack of coordination among different business units

Operational decisions are inconsistent with organizational goals

Suboptimal decision making

Duplication of business activities

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61. Which of the following techniques would best detect an inventory fraud scheme?

Analyze Invoice payments just under individual authorization limits.

Analyze stratification of inventory adjustments by warehouse location.

Analyze inventory invoice amounts and compare with approved contract amounts.

Analyze differences discovered during duplicate payment testing

62. Which of the following attributes of data analytics relates to the growing number of sources from which data is being generated?

Volume.

Velocity.

Variety.

Veracity.

63. An organization has instituted a bring-your-own-device (BYOD) work environment.

Which of the following policies best addresses the increased risk to the organization's network incurred by this environment?

Limit the use of the employee devices for personal use to mitigate the risk of exposure to organizational data.

Ensure that relevant access to key applications is strictly controlled through an approval and review process.

Institute detection and authentication controls for all devices used for network connectivity and data storage.

Use management software scan and then prompt parch reminders when devices connect to the network

64. Which of the following bring-your-own-device (BYOD) practices is likely to increase the risk of Infringement on local regulations, such as copyright or privacy laws?

Not installing anti-malware software

Updating operating software in a haphazard manner,

Applying a weak password for access to a mobile device.

JoIIbreaking a locked smart device

65. A new clerk in the managerial accounting department applied the high-low method and computed the difference between the high and low levels of maintenance costs.

Which type of maintenance costs did the clerk determine?

Fixed maintenance costs.

Variable maintenance costs.

Mixed maintenance costs.

Indirect maintenance costs.

66. An internal auditor discusses user-defined default passwords with the database administrator. Such passwords will be reset as soon as the user logs in for the first time, but the initial value of the password is set as "123456."

Which of the following are the auditor and the database administrator most likely discussing in this situation?

Whether it would be more secure to replace numeric values with characters.

What happens in the situations where users continue using the initial password.

What happens in the period between the creation of the account and the password change.

Whether users should be trained on password management features and requirements.

67. Which of the following best explains the matching principle?

Revenues should be recognized when earned.

Revenue recognition is matched with cash.

Expense recognition is tied to revenue recognition.

Expenses are recognized at each accounting period.

68. Which of the following describes a third-party network that connects an organization specifically with its trading partners?

Value-added network (VAN).

Local area network (LAN).

Metropolitan area network (MAN).

Wide area network (WAN).

69. Which of the following statements is true regarding activity-based costing (ABC)?

An ABC costing system is similar to conventional costing systems in how it treats the allocation of manufacturing overhead.

An ABC costing system uses a single unit-level basis to allocate overhead costs to products.

An ABC costing system may be used with either a job order or a process cost accounting system.

The primary disadvantage of an ABC costing system is less accurate product costing.

70. A large retail customer made an offer to buy 10.000 units at a special price of $7 per unit. The manufacturer usually sells each unit for §10, Variable Manufacturing costs are 55 per unit and fixed manufacturing costs are $3 per unit.

For the manufacturer to accept the offer, which of the following assumptions needs to be true?

Fixed and Variable manufacturing costs are less than the special offer selling price.

The manufacturer can fulfill the order without expanding the capacities of the production facilities.

Costs related to accepting this offer can be absorbed through the sale of other products.

The manufacturer’s production facilities are currently operating at full capacity.

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71. After purchasing shoes from an online retailer, a customer continued to receive additional unsolicited offers from the retailer and other retailers who offer similar products.

Which of the following is the most likely control weakness demonstrated by the seller?

Excessive collecting of information

Application of social engineering

Retention of incomplete information.

Undue disclosure of information

72. Which of the following risks would Involve individuals attacking an oil company's IT system as a sign of solidarity against drilling in a local area?

Tampering

Hacking

Phishing

Piracy

73. Which of the following best describes a detective control designed to protect an organization from cyberthreats and attacks?

A list of trustworthy, good traffic and a list of unauthorized, blocked traffic.

Monitoring for vulnerabilities based on industry intelligence.

Comprehensive service level agreements with vendors.

Firewall and other network perimeter protection tools.

74. Which of the following should internal auditors be attentive of when reviewing personal data consent and opt-in/opt-out management process?

Whether customers are asked to renew their consent for their data processing at least quarterly.

Whether private data is processed in accordance with the purpose for which the consent was obtained?

Whether the organization has established explicit and entitywide policies on data transfer to third parties.

Whether customers have an opportunity to opt-out the right to be forgotten from organizational records and systems.

75. A multinational organization allows its employees to access work email via personal smart devices. However, users are required to consent to the installation of mobile device management (MDM) software that will remotely wipe data in case of theft or other incidents.

Which of the following should the organization ensure in exchange for the employees' consent?

That those employees who do not consent to MDM software cannot have an email account.

That personal data on the device cannot be accessed and deleted by system administrators.

That monitoring of employees' online activities is conducted in a covert way to avoid upsetting them.

That employee consent includes appropriate waivers regarding potential breaches to their privacy.

76. Which of the following sites would an Internet service provider most likely use to restore operations after its servers were damaged by a natural disaster?

On site.

Cold site.

Hot site.

Warm site

77. A clothing company sells shirts for $8 per shirt. In order to break even, the company must sell 25.000 shirts. Actual sales total S300.000.

What is margin of safety sales for the company?

$100.000

$200,000

$275,000

$500,000

78. Which of the following controls would enable management to receive timely feedback and help mitigate unforeseen risks?

Measure product performance against an established standard.

Develop standard methods for performing established activities.

Require the grouping of activities under a single manager.

Assign each employee a reasonable workload.

79. The manager of the sales department wants to Increase the organization's net profit margin by 7% (from 43% in the prior year to 50% in the current year).

Given the information provided in the table below, what would be the targeted sales amount for the current year?

$20,000,000

$24.500.000

$30.000.000

$35.200.000

80. An internal auditor for a pharmaceutical company as planning a cybersecurity audit and conducting a risk assessment.

Which of the following would be considered the most significant cyber threat to the organization?

Cybercriminals hacking into the organization's time and expense system to collect employee personal data.

Hackers breaching the organization's network to access research and development reports

A denial-of-service attack that prevents access to the organization's website.

A hacker accessing she financial information of the company

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81. Which of the following would be classified as IT general controls?

Error listings.

Distribution controls.

Transaction logging.

Systems development controls.

82. Which of the following controls is the most effective for ensuring confidentially of transmitted information?

Firewall.

Antivirus software.

Passwords.

Encryption.

83. Which of the following is a characteristic of big data?

Big data is being generated slowly due to volume.

Big data must be relevant for the purposes of organizations.

Big data comes from a single type of formal.

Big data is always changing

84. When determining the level of physical controls required for a workstation, which of the following factors should be considered?

Ease of use.

Value to the business.

Intrusion prevention.

Ergonomic model.

85. CORRECT TEXT

Which of the following is a project planning methodology that involves a complex series of required simulations to provide information about schedule risk?

Monte Carlo Analysis.

Project Management Information System (PMIS).

Earned Value Management (EVM).

Integrated Project Plan

86. Which of the following data security policies is most likely to be the result of a data privacy law?

Access to personally identifiable information is limited to those who need It to perform their job.

Confidential data must be backed up and recoverable within a 24-hour period.

Updates to systems containing sensitive data must be approved before being moved to production.

A record of employees with access to insider information must be maintained, and those employees may not trade company stock during blackout periods

87. Which of the following statements is true regarding user developed applications (UDAs) and traditional IT applications?

UDAs arid traditional JT applications typically follow a similar development life cycle

A UDA usually includes system documentation to illustrate its functions, and IT-developed applications typically do not require such documentation.

Unlike traditional IT applications. UDAs typically are developed with little consideration of controls.

IT testing personnel usually review both types of applications thoroughly to ensure they were developed properly.

88. Which of the following actions should an internal auditor take to clean the data obtained for analytics purposes?

Deploys data visualization tool.

Adopt standardized data analysis software.

Define analytics objectives and establish outcomes.

Eliminate duplicate records.

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

Initiation phase

Bidding phase

Development phase

Negotiation phase

90. The chief audit executive (CAE) has embraced a total quality management approach to improving the internal audit activity's (lAArs) processes. He would like to reduce the time to complete audits and improve client ratings of the IAA.

Which of the following staffing approaches is the CAE most likely lo select?

Assign a team with a trained audit manager to plan each audit and distribute field work tasks to various staff auditors.

Assign a team of personnel who have different specialties to each audit and empower Team members to participate fully in key decisions

Assign a team to each audit, designate a single person to be responsible for each phase of the audit, and limit decision making outside of their area of responsibility.

Assign a team of personnel who have similar specialties to specific engagements that would benefit from those specialties and limit Key decisions to the senior person.

Page 10 of 11

91. Which of the following scenarios indicates an effective use of financial leverage?

An organisation has a rate of return on equity of 20% and a rate of return on assets of 15%.

An organization has a current ratio of 2 and an inventory turnover of 12.

An organization has a debt to total assets ratio of 0.2 and an interest coverage ratio of 10.

An organization has a profit margin of 30% and an assets turnover of 7%.

92. During disaster recovery planning, the organization established a recovery point objective.

Which of the following best describes this concept?

The maximum tolerable downtime after the occurrence of an incident.

The maximum tolerable data loss after the occurrence of an incident.

The maximum tolerable risk related to the occurrence of an incident

The minimum recovery resources needed after the occurrence of an incident

93. An organization's account for office supplies on hand had a balance of $9,000 at the end of year one. During year two. The organization recorded an expense of $45,000 for purchasing office supplies. At the end of year two. a physical count determined that the organization has $11 ,500 in office supplies on hand.

Based on this Information, what would he recorded in the adjusting entry an the end of year two?

A debit to office supplies on hand for S2.500

A debit to office supplies on hand for $11.500

A debit to office supplies on hand for $20,500

A debit to office supplies on hand for $42,500

94. According to UA guidance on IT, at which of the following stages of the project life cycle would the project manager most likely address the need to coordinate project resources?

Initiation.

Planning.

Execution.

Monitoring.

95. A company produces water buckets with the following costs per bucket:

Direct labor = 82

Direct material = $5

Fixed manufacturing = 83.50

Variable manufacturing = 82.50

The water buckets are usually sold for $15. However, the company received a special order for 50.000 water buckets at 311 each.

Assuming there is adequate manufacturing capacity and ail 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?

$9.50

$10.50

$11

$13

96. Employees at an events organization use a particular technique to solve problems and improve processes. The technique consists of five steps: define, measure, analyze, improve, and control.

Which of the following best describes this approach?

Six Sigma,

Quality circle.

Value chain analysis.

Theory of constraints.

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

Prompt response and remediation policy

Inventory of information assets

Information access management

Standard security configurations

98. A organization finalized a contract in which a vendor is expected to design, procure, and construct a power substation for $3,000,000. In this scenario, the organization agreed to which of the following types of contracts?

A cost-reimbursable contract.

A lump-sum contract.

A time and material contract.

A bilateral contract.

99. Which of the following can be classified as debt investments?

Investments in the capital stock of a corporation

Acquisition of government bonds.

Contents of an investment portfolio,

Acquisition of common stock of a corporation

100. According to IIA guidance, which of the following statements is true regarding penetration testing?

Testing should not be announced to anyone within the organization to solicit a real-life response.

Testing should take place during heavy operational time periods to test system resilience.

Testing should be wide in scope and primarily address detective management controls for identifying potential attacks.

Testing should address the preventive controls and management's response.

Page 11 of 11

101. Which of the following application controls is the most dependent on the password owner?

Password selection

Password aging

Password lockout

Password rotation

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