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

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

• Question 321:

  The economic order quantity can be calculated using the following formula:

  Which of the following describes how the optimal order size will change if the annual demand increases by 36 percent?

  A. Decrease by about 17 percent.
  B. Decrease by about 7 percent.
  C. Increase by about 7 percent.
  D. Increase by about 17 percent.
  D. Increase by about 17 percent.

• Question 322:

  A bank uses customer departmentalization to categorize its departments. Which of the following groups best exemplifies this method of categorization?

  A. Community institutional and agricultural banking.
  B. Mortgages credit cards and savings
  C. South southwest and east.
  D. Teller manager and IT specialist
  A. Community institutional and agricultural banking.

• Question 323:

  Which of the following is a characteristic of just-in-time inventory management systems?

  A. Users determine the optimal level of safety stocks.
  B. They are applicable only to large organizations.
  C. They do not really increase overall economic efficiency because they merely shift inventory levels further up the supply chain.
  D. They rely heavily on high quality materials.
  D. They rely heavily on high quality materials.

• Question 324:

  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
  B. Password and fingerprint.

• Question 325:

  The economic order quantity for inventory is higher for an organization that has:

  A. Lower annual unit sales.
  B. Higher fixed inventory ordering costs.
  C. Higher annual carrying costs as a percentage of inventory value.
  D. A higher purchase price per unit of inventory.
  B. Higher fixed inventory ordering costs.

• Question 326:

  Which of the following are appropriate functions for an IT steering committee?

  1) Assess the technical adequacy of standards for systems design and programming. 2) Continually monitor of the adequacy and accuracy of software and hardware in use. 3) Assess the effects of new technology on the organization's IT operations. 4) Provide broad oversight of implementation, training, and operation of new systems.

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

• Question 327:

  Which of the following statements is true regarding cost-volume-profit analysis?

  A. Contribution margin is the amount remaining from sales revenue after fixed expenses have been deducted.
  B. Breakeven point is the amount of units sold to cover variable costs.
  C. Breakeven occurs when the contribution margin covers fixed costs
  D. Following breakeven, net operating income will increase by the excess of fixed costs less the variable costs per units sold
  C. Breakeven occurs when the contribution margin covers fixed costs

• Question 328:

  According to IIA guidance, which of the following best describes the activities that occur during the conversion phase of an IT project?

  A. Conversion of user requirements into system specifications
  B. Conversion of user requirements into program codes
  C. Conversion of test data into production data
  D. Conversion of data from the old system into the new system
  D. Conversion of data from the old system into the new system

• Question 329:

  An internal auditor discovered that several unauthorized modifications were made to the production version of an organization's accounting application. Which of the following best describes this deficiency?

  A. Production controls weakness.
  B. Application controls weakness.
  C. Authorization controls weakness.
  D. Change controls weakness.
  D. Change controls weakness.

• Question 330:

  Which of the following best demonstrates an organization's ability to recover from a disaster?

  A. Hot site
  B. Cold site
  C. Redundant data center
  D. Regular testing of the disaster plan
  A. Hot site