IIA IIA-CIA-PART3 TEST SAMPLE QUESTIONS & IIA-CIA-PART3 LATEST TEST ONLINE

IIA IIA-CIA-Part3 Test Sample Questions & IIA-CIA-Part3 Latest Test Online

IIA IIA-CIA-Part3 Test Sample Questions & IIA-CIA-Part3 Latest Test Online

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Tags: IIA-CIA-Part3 Test Sample Questions, IIA-CIA-Part3 Latest Test Online, Exam IIA-CIA-Part3 Consultant, Dump IIA-CIA-Part3 Check, IIA-CIA-Part3 Certification Dump

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IIA-CIA-Part3 Latest Test Online - Exam IIA-CIA-Part3 Consultant

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IIA-CIA-Part3 exam is a computer-based exam that consists of 100 multiple-choice questions, and candidates have up to 2.5 hours to complete the exam. IIA-CIA-Part3 Exam is divided into six domains, each of which covers specific business knowledge areas that are relevant to internal audit activities. These domains include business acumen, information technology, financial management, global business environment, organizational structure and business processes, and risk management.

IIA Business Knowledge for Internal Auditing Sample Questions (Q413-Q418):

NEW QUESTION # 413
Which of the following is an example of an efficiency measure?

  • A. The number of insurance claims processed per day.
  • B. The goal of becoming a leading manufacturer.
  • C. The goal of increasing market share.
  • D. The rate of absenteeism.

Answer: A

Explanation:
The number of insurance claims processed per day is a typical measure used in a balanced scorecard. It relates to the critical success factor of productivity. This factor is based on an input-output efficiency) relationship. An organizational structure is efficient if it facilitates the accomplishment of organizational objectives with minimum resources and fewest unsought consequences. An efficient organizational structure maximizes output for a given amount of input. Thus, an efficiency measure compares input with output. Insurance claims processed per day relates output claims processed) to input a day's work).


NEW QUESTION # 414
Which of the following situations best applies to an organisation that uses a project, rather than a process, to accomplish its business activities?

  • A. A commercial construction company is hired to build a warehouse.
  • B. A manufacturing organization acquires component parts from a contracted vendor
  • C. Clothing company designs, makes, and sells a new item.
  • D. A city department sets up a new firefighter training program.

Answer: A


NEW QUESTION # 415
The immediate goal of a theory of constraints (TOC) analysis is to:

  • A. Smooth production flow to eliminate backup in the system.
  • B. Maximize contribution margin through the constraint.
  • C. Minimize direct materials cost.
  • D. Maximize the efficiency of the entire production process.

Answer: B

Explanation:
A basic principle of TOC analysis is that short-term profit maximization requires maximizing the contribution margin through the constraint, called the throughput margin or throughput contribution.


NEW QUESTION # 416
Which of the following is a systems software control?

  • A. Housing servers with sensitive software away from environmental hazards.
  • B. Performing of intrusion testing on a regular basis
  • C. Restricting server room access to specific individuals
  • D. Ensuring that ail user requirements are documented.

Answer: C


NEW QUESTION # 417
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?

  • A. It is particularly successful in environments that are prone to having poor employer-employee relations
  • B. It is more successful when goal-setting is performed not only by management, but by an team members, including lower-level staff.
  • C. It is a more successful approach when adopted by mechanistic organizations
  • D. It is particularly helpful to management when the organization is facing rapid change

Answer: B


NEW QUESTION # 418
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