IIA IIA-CIA-PART3-3P Online Practice Questions and Exam Preparation

IIA IIA-CIA-PART3-3P Online Questions & Answers

• Question 171:

  An organization accumulated the following data for the prior fiscal year: Value of Percentage of Quarter Output Produced Cost X $4,750,000

  2.9

  $4,700,000

  3.0

  $4,350,000

  3.2 $4,000,000

  3.5

  Based on this data, which of the following describes the value of Cost X in relation to the value of Output Produced?

  A. Cost X is a variable cost.
  B. Cost X is a fixed cost.
  C. Cost X is a semi-fixed cost.
  D. Cost X and the value of Output Produced are unrelated.
  B. Cost X is a fixed cost.

• Question 172:

  According to Porter's model of competitive strategy, which of the following is a generic strategy?

  1 Differentiation. 2) Competitive advantage. 3) Focused differentiation. 4) Cost focus.

  A. 2 only
  B. 3 and 4 only
  C. 1, 3, and 4 only
  D. 1, 2, 3, and 4
  C. 1, 3, and 4 only

• Question 173:

  Operational management in the IT department has introduced performance evaluation policies that are linked to employees achieving continuing education hours. This activity is designed to prevent which of the following conditions?

  A. Knowledge/skills gap
  B. Monitoring gap
  C. Accountability/reward failure.
  D. Communication failure.
  A. Knowledge/skills gap

• Question 174:

  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.
  A. Continually evaluate the needs and opinions of all stakeholder groups.

• Question 175:

  Which of the following stages of group development is associated with accepting team responsibilities?

  A. Forming stage.
  B. Performing stage.
  C. Norming stage.
  D. Storming stage.
  C. Norming stage.

• Question 176:

  According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) program?

  1) Every employee generally has a responsibility for ensuring the success of CSR objectives.

  2) The board has overall responsibility for the effectiveness of internal control processes associated with CSR.

  3) Public reporting on the CSR governance process is expected.

  4) Organizations generally have flexibility regarding what is included in a CSR program.

  A. 1, 2, and 3 only
  B. 1, 2, and 4 only
  C. 1, 3, and 4 only
  D. 2, 3, and 4 only
  B. 1, 2, and 4 only

• Question 177:

  The balanced scorecard approach differs from traditional performance measurement approaches because it adds which of the following measures?

  1) Financial measures 2) Internal business process measures. 3) Client satisfaction measures 4) Innovation and learning measures

  A. 1 only.
  B. 2 and 4 only.
  C. 3 and 4 only.
  D. 2, 3, and 4 only
  D. 2, 3, and 4 only

• Question 178:

  Which of the following is a major advantage of decentralized organizations, compared to centralized organizations?

  A. Decentralized organizations are more focused on organizational goals.
  B. Decentralized organizations streamline organizational structure.
  C. Decentralized organizations tend to be less expensive to operate.
  D. Decentralized organizations tend to be more responsive to market changes.
  D. Decentralized organizations tend to be more responsive to market changes.

• Question 179:

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

• Question 180:

  Refer to the exhibit. [Missing the exhibit]

  If the profit margin of an organization decreases, and all else remains equal, which of the following describes how the "Funds Needed" line in the graph below will shift?

  A. The "Funds Needed" line will remain pointed upward, but will become less steep.
  B. The "Funds Needed" line will remain pointed upward, but will become more steep.
  C. The "Funds Needed" line will point downward with a minimal slope.
  D. The "Funds Needed" line will point downward with an extreme slope.
  B. The "Funds Needed" line will remain pointed upward, but will become more steep.