Which stage in the industry life cycle is characterized by many different product variations?
A. Introduction.
B. Growth.
C. Maturity.
D. Decline.
Which of the following is true regarding an organization's relationship with external stakeholders?
A. Specific guidance must be followed when interacting with nongovernmental organizations.
B. Disclosure laws tend to be consistent from one jurisdiction to another.
C. There are several internationally recognized standards for dealing with financial donors.
D. Legal representation should be consulted before releasing internal audit information to other assurance providers.
According to IIA guidance, which of the following is a typical risk associated with the tender process and contracting stage of an organization's IT outsourcing life cycle?
A. The process is not sustained and is not optimized as planned.
B. There is a lack of alignment to organizational strategies.
C. The operational quality is less than projected.
D. There is increased potential for loss of assets.
Which of the following IT strategies is most effective for responding to competitive pressures created by the marketplace?
A. Promote closer linkage between organizational strategy and information.
B. Provide users with greater online access to information systems.
C. Enhance the functionality of application systems.
D. Expand the use of automated controls.
Which of the following price adjustment strategies encourages prompt payment?
A. Cash discounts.
B. Quantity discounts.
C. Functional discounts.
D. Seasonal discounts.
Which of the following actions is most likely to gain support for process change?
A. Set clear objectives.
B. Engage the various communities of practice within the organization.
C. Demonstrate support from senior management.
D. Establish key competencies.
According to the COSO enterprise risk management (ERM) framework, which of the following is not a typical responsibility of the chief risk officer?
A. Establishing risk category definitions and a common risk language for likelihood and impact measures.
B. Defining ERM roles and responsibilities.
C. Providing the board with an independent, objective risk perspective on financial reporting.
D. Guiding integration of ERM with other management activities.
When assessing the adequacy of a risk mitigation strategy, an internal auditor should consider which of the following?
1.
Management's tolerance for specific risks.
2.
The cost versus benefit of implementing a control.
3.
Whether a control can mitigate multiple risks.
4.
The ability to test the effectiveness of the control.
A. 1, 2, and 3
B. 1, 2, and 4
C. 1, 3, and 4
D. 2, 3, and 4
Which of the following corporate social responsibility strategies is likely to be most effective in minimizing confrontations with influential activists and lobbyists?
A. Continually evaluate the needs and opinions of all stakeholder groups.
B. Ensure strict compliance with applicable laws and regulations to avoid incidents.
C. Maintain a comprehensive publicity campaign that highlights the organization's efforts.
D. Increase goodwill through philanthropic activities among stakeholder communities.
According to IIA guidance, which of the following steps are most important for an internal auditor to perform when evaluating an organization's social and environmental impact on the local community?
1.
Determine whether previous incidents have been reported, managed, and resolved.
2.
Determine whether a business contingency plan exists.
3.
Determine the extent of transparency in reporting.
4.
Determine whether a cost/benefit analysis was performed for all related projects.
A. 1 and 3.
B. 1 and 4.
C. 2 and 3.
D. 2 and 4.
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