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Practice IIA-CIA-Part3 Exams Free, IIA-CIA-Part3 Study Dumps

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Without bothering to stick to any formality, our Business Knowledge for Internal Auditing IIA-CIA-Part3 learning quiz can be obtained within five minutes. No need to line up or queue up to get our IIA-CIA-Part3 practice materials. They are not only efficient on downloading aspect, but can expedite your process of review. No harangue is included within IIA IIA-CIA-Part3 Training Materials and every page is written by our proficient experts with dedication.

IIA-CIA-Part3 exam, also known as Business Knowledge for Internal Auditing, is one of the three exams required to obtain the Certified Internal Auditor (CIA) certification. IIA-CIA-Part3 exam is designed to test candidates' understanding of business principles and concepts that are crucial for internal audit professionals. The IIA-CIA-Part3 Exam covers six domains including Business Acumen, Information Security, Information Technology, Financial Management, Global Business Environment, and Governance and Business Ethics.

IIA Business Knowledge for Internal Auditing Sample Questions (Q22-Q27):

NEW QUESTION # 22
Management of a company is attempting to build a reputation as a world-class manufacturer of quality products. Which of the following measures would not be used by the firm to measure quality?

A. The number of parts shipped per day.
B. The percentage of shipments returned by customers because of poor quality.
C. The number of defective parts per million.
D. The percentage of products passing quality tests the first time.

Answer: A

Explanation:
The number of parts shipped per day would most likely be used as a measure of the effectiveness and efficiency of shipping procedures, not the quality of the product. This
measure does not consider how many of the parts are defective.

NEW QUESTION # 23
Of the following, the greatest advantage of a database server) architecture is:

A. Multiple occurrences of data items are useful for consistency checking.
B. Data redundancy can be reduced.
C. Backup and recovery procedures are minimized.
D. Conversion to a database system is inexpensive and can be accomplished quickly.

Answer: B

Explanation:
Data organized in files and used by the organization's various applications programs are collectively known as a database. In a database system, storage structures are created that render the applications programs independent of the physical or logical arrangement of the data. Each data item has a standard definition, name, and format, and related items are linked by a system of pointers. The programs therefore need only to specify data items by name, not by location. A database management system handles retrieval and storage. Because separate files for different applications programs are unnecessary, data redundancy can be substantially reduced.

NEW QUESTION # 24
Which of the following is true regarding the COSO enterprise risk management framework?

A. The framework categorizes an organization's objectives to distinct, non overlapping objectives.
B. The framework integrates with, but is not dependent upon, the corresponding internal control framework.
C. Control environment is one of the framework's eight components.
D. The framework facilitates effective risk management, even if objectives have not been established.

Answer: B

NEW QUESTION # 25
An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?

A. $350,000
B. $1,200,000
C. $850,000
D. $500,000

Answer: D

Explanation:
Explanation

NEW QUESTION # 26
Several surveys paint out that most managers use full product casts, including unit fixed casts and unit variable costs, in developing cast-based pricing. Which one of the following is least associated with cost-based pricing?

A. Fixed-cost recovery.
B. Target pricing.
C. Price stability.
D. Price justification.

Answer: B

Explanation:
A target price is the expected market price of a product, given the company's knowledge of its customers and competitors. Hence, under target pricing, the sales price is known before the product is developed. Subtracting the unit target profit margin determines the long-term unit target cast. If cost-cutting measures do not permit the product to be made at or below the target cast, it will be abandoned.

NEW QUESTION # 27
......

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