Authentic IIA-CIA-Part3 Dumps – Free PDF Questions to Pass [Q32-Q54]

NO.32 Which of the following is usually not a feature of cumulative preference shares?

NO.33 When the economic order quantity (EOQ) decision model is employed, the <List A> are being offset or balanced by the <List B>.

NO.34 Making segment disclosures is an advantage to a company because it.

NO.35 Which of the following statements is true with respect to international transfer pricing?

NO.36 Individual budget schedules are prepared to develop an annual comprehensive or master budget. The budget schedule that provides the necessary input data for the direct labor budget is the:

NO.37 Responsibility for the control of end-user computing EUC) exists at the organizational, departmental, and individual user level. Which of the following should be a direct responsibility of the individual users?

NO.38 An audit manager has just returned from an executive training program and has suggested that the audit department develop a mathematical model to help identify factors that may be causing changes in the cost of production. According to the manager, the model should recognize that the company currently has three separate production (cost) centers.
Which of the following approaches would best provide the analysis suggested by the audit manager?

NO.39 The receipt of raw materials used in the manufacture of products and the shipping of finished goods to customers is under the control of the warehouse supervisor. The warehouse supervisor’s time is spent approximately 60% on receiving activities and 40% on shipping activities. Separate staffs for the receiving and shipping operations are employed. The labor-related costs for the warehousing function are as follows:

The company employs a responsibility accounting system for performance reporting purposes. The costs are classified on the report as period or product costs. The total labor related costs that would be listed on the responsibility accounting performance report as product costs under the control of the warehouse supervisor for the warehousing function would be:

NO.40 While auditing a marketing department, the internal auditor discovered that the product life cycle model was used to structure the marketing mix.
The manager has asked the auditor for advice about increasing advertising of various products. During which stage of the life cycle would it be appropriate to advertise that the company’s product is the lowest price and best quality of all competitors?

NO.41 A short-term bank loan will have a higher effective financing cost if it has which combination of characteristics?

NO.42 During a review of a web-based application used by customers to check the status of their bank accounts, it would be most important for the internal auditor to ensure that:

NO.43 A client is concerned that a power outage or disaster could impair the computer hardware’s ability to function as designed. The client desires off-site backup hardware facilities that are fully configured and ready to operate within several hours. The client most likely should consider a:

NO.44 Business process reengineering is most likely to:

NO.45 What dollar sales volume, to the nearest dollar, would be required in Year 2 to earn the same net income as in Year 1?

NO.46 In preparing the annual profit plan for the coming year.

What is the percentage of the total variance that can be explained by the regression equation?

NO.47 Various tools are employed to control large scale projects. They include all of the following except:

NO.48 In mergers and acquisitions, which of the following is an example of a horizontal combination?

NO.49 Heniser Pet Foods manufactures two products, X and Y.
The unit contribution margins for Products X and Y are US $30 and US $50, respectively. Each product uses Materials A and B. Product X uses 6 pounds of Material A and 12 pounds of Material B. Product Y uses 12 pounds of Material A and 8 pounds of Material B. The company can purchase only 1,200 pounds of Material A and 1,760 pounds of Material B. The optimal mix of products to manufacture is:

NO.50 Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?

NO.51 An investment company is attempting to allocate its available funds between two investment alternatives, equities and bonds, which differ in terms of expected return and risk. The company would like to minimize its risk while earning an expected return of at least 10% and investing no more than 70% in either of the investment alternatives. An appropriate technique for allocating its funds between equities and bonds is:

NO.52 The economic order quantity is the size of the order that minimizes total inventory costs which include ordering and holding carrying) costs. It can be calculated using the formula

If Q = order size in units, D = annual demand in units, p = cost per purchase order, s = carrying cost per year for one unit of inventory. If the annual demand decreases by 369/o the optimal order size will:

NO.53 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?

NO.54 When assessing application controls, which one of the following input controls or edit checks is most likely to be used to detect a data input error in the customer account number field?