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

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752 Students Passed

91% Average Score

94% Same Questions

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Viewing questions 91-100 out of questions

Questions # 91:

Which of the following phases of a business cycle are marked by an underuse of resources?

1) The trough.

2) The peak.

3) The recovery.

4) The recession.

Options:

1 and 3 only

1 and 4 only

2 and 3 only

2 and 4 only

Answer

Questions # 92:

The process of scenario planning begins with which of the following steps?

Options:

Determining the trends that will influence key factors in the organization's environment.

Selecting the issue or decision that will impact how the organization conducts future business.

Selecting leading indicators to alert the organization of future developments.

Identifying how customers, suppliers, competitors, employees, and other stakeholders will react.

Answer

Questions # 93:

Which of the following price adjustment strategies encourages prompt payment?

Options:

Cash discounts.

Quantity discounts.

Functional discounts.

Seasonal discounts.

Answer

Questions # 94:

According to IIA guidance, which of the following corporate social responsibility (CSR) evaluation activities may be performed by the internal audit activity?

1) Consult on CSR program design and implementation.

2) Serve as an advisor on CSR governance and risk management.

3) Review third parties for contractual compliance with CSR terms.

4) Identify and mitigate risks to help meet the CSR program objectives.

Options:

1, 2, and 3

1, 2, and 4

1, 3, and 4

2, 3, and 4

Answer

Questions # 95:

Which of the following is a strategy that organizations can use to stimulate innovation?

1) Source from the most advanced suppliers.

2) Establish employee programs that reward initiative.

3) Identify best practice competitors as motivators.

4) Ensure that performance targets are always achieved.

Options:

1 and 3 only

2 and 4 only

1, 2, and 3 only

1, 2, 3, and 4

Answer

Questions # 96:

Which of the following is the primary benefit of including end users in the system development process?

Options:

Improved integrity of programs and processing.

Enhanced ongoing maintenance of the system.

Greater accuracy of the testing phase.

Reduced need for unexpected software changes.

Answer

Questions # 97:

Which of the following borrowing options is an unsecured loan?

Options:

Second-mortgage financing from a bank.

An issue of commercial paper.

Pledged accounts receivable.

Asset-based financing.

Answer

Questions # 98:

Listening effectiveness is best increased by:

Options:

Resisting both internal and external distractions.

Waiting to review key concepts until the speaker has finished talking.

Tuning out messages that do not seem to fit the meeting purpose.

Factoring in biases in order to evaluate the information being given.

Answer

Questions # 99:

Which of the following describes the result if an organization records merchandise as a purchase, but fails to include it in the closing inventory count?