Which of the following cost of capital methods identifies the time period required to recover the cost of the capital investment from the annual inflow produced?
A. Cash payback technique.
B. Annual rate of return technique.
C. Internal rate of return method.
D. Net present value method.
In an effort to increase business efficiencies and improve customer service offered to its major trading partners, management of a manufacturing and distribution company established a secure network, which provides a secure channel for electronic data interchange between the company and its partners.
Which of the following network types is illustrated by this scenario?
A. A value-added network.
B. A local area network.
C. A metropolitan area network.
D. A wide area network.
Which of the following practices impacts copyright issues related to the manufacturer of a smart device?
A. Session hijacking.
B. Jailbreaking.
C. Eavesdropping.
D. Authentication.
When examining an organization's strategic plan, an internal auditor should expect to find which of the following components?
A. Identification of achievable goals and timelines.
B. Analysis of the competitive environment.
C. Plan for the procurement of resources.
D. Plan for progress reporting and oversight.
An internal auditor computed that one of the organization's accounting divisions is processing 30 travel reports per hour while another accounting division is processing 22 travel reports per hour.
Which of the following efficiency measures did the internal auditor most likely employ?
A. Operating rate.
B. Asset efficiency rate.
C. Resource utilization rate.
D. Productivity rate.
Which of the following statements is true regarding an investee that received a dividend distribution from an entity and is presumed to have little influence over the entity?
A. The cash dividends received increase the investee investment account accordingly.
B. The investee must adjust the investment account by the ownership interest.
C. The investment account is adjusted downward by the percentage of ownership.
D. The investee must record the cash dividends as dividend revenue.
At a manufacturing plant, how would using Internet of Things during the production process benefit the organization?
A. It would provide the ability to monitor in real-time.
B. It would assist in securing sensitive data.
C. It would help detect cyberattacks in a more timely fashion.
D. It would assist in ensuring that data integrity is maintained.
Which of the following application controls, implemented by management, monitors data being processed to ensure the data remains consistent and accurate?
A. Management trail controls.
B. Output controls.
C. Integrity controls.
D. Input controls.
A manager who is authorized to make purchases up to a certain dollar amount approves the set-up of a fictitious vendor and subsequently initiates purchase orders.
Which of the following controls would best address this risk?
A. Establish separate vendor creation and approval teams.
B. Develop and distribute a code of conduct that prohibits conflicts of interest.
C. Perform a regular review of the vendor master file.
D. Require submission of a conflict-of-interest declaration.
Which of the following characteristics applies to an organization that adopts a flat structure?
A. The structure is dispersed geographically.
B. The hierarchy levels are more numerous.
C. The span of control is wide.
D. The lower-level managers are encouraged to exercise creativity when solving problems.
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