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CIA Exam Part Three: Business Knowledge for Internal Auditing

Last Update 15 hours ago Total Questions : 488

The CIA Exam Part Three: Business Knowledge for Internal Auditing content is now fully updated, with all current exam questions added 15 hours ago. Deciding to include IIA-CIA-Part3-3P practice exam questions in your study plan goes far beyond basic test preparation.

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Question # 51

When initiating international ventures, an organization should consider cultural dimensions in order to prevent misunderstandings. Which of the following does not represent a recognized cultural dimension in a work environment?

A.

Self control.

B.

Power distance.

C.

Masculinity versus femininity.

D.

Uncertainty avoidance.

Question # 52

Which of the following is true of bond financing, compared to common stock, when all other variables are equal?

A.

Lower shareholder control.

B.

Lower indebtedness.

C.

Higher company earnings per share.

D.

Higher overall company earnings.

Question # 53

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

A.

A traditional key lock

B.

A biometric device.

C.

A card-key system

D.

A proximity device

Question # 54

An organization with an annual demand of 25.000 units correctly computes its economic order quantity to be 1,000 units Its safety stock is 300 units and the lead time is two days If there are 250 production days in a year what is the reorder point1?

A.

200 units.

B.

300 units.

C.

500 units.

D.

1,000 units.

Question # 55

Which of me following statements is true regarding the reporting of tangible and intangible assets?

A.

For plant assets cost includes the purchase price and the cost of design and construction

B.

For intangible assets cost includes the purchase price and development costs

C.

Due to their indefinite nature intangible assets are not subject to amortization

D.

The organization must expense any cost incurred in developing a plant asset

Question # 56

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

A.

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

B.

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

C.

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

D.

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

Question # 57

Which of the following authentication controls combines what a user knows with the unique characteristics of the user respectively?

A.

Voice recognition and token.

B.

Password and fingerprint.

C.

Fingerprint and voice recognition

D.

Password and token

Question # 58

Which of the following security controls would be the most effective in preventing security breaches?

A.

Approval of identity request.

B.

Access logging.

C.

Monitoring privileged accounts.

D.

Audit of access rights.

Question # 59

Which of the following is a systems software control?

A.

Restricting server room access to specific individuals

B.

Housing servers with sensitive software away from environmental hazards.

C.

Ensuring that ail user requirements are documented.

D.

Performing of intrusion testing on a regular basis

Question # 60

Which of the following is a key characteristic of a zero-based budget?

A.

A zero-based budget provides estimates of costs that would be incurred under different levels of activity.

B.

A zero-based budget maintains focus on the budgeting process.

C.

A zero-based budget is prepared each year and requires each item of expenditure to be justified.

D.

A zero-based budget uses input from lower-level and middle-level managers to formulate budget plans.

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