Question 1

For employees, the primary value of implementing job enrichment is which of the following?
A) Validation of the achievement of their goals and objectives.
B) Increased knowledge through the performance of additional tasks.
C) Support for personal growth and a meaningful work experience.
D) An increased opportunity to manage better the work done by their subordinates.

Accepted Answer

Job enrichment primarily aims to enhance employees' job satisfaction by providing opportunities for personal growth and making their work more meaningful.

Question 2

Which of the following is most important for an internal auditor to check with regard to the database version?
A) Verify whether the organization uses the most recent database software version.
B) Verify whether the database software version is supported by the vendor.
C) Verify whether the database software version has been recently upgraded.
D) Verify whether access to database version information is appropriately restricted.

Accepted Answer

The answer of Which of the following is most important...

Question 3

Which of the following price adjustment strategies encourages prompt payment?
A) Cash discounts.
B) Quantity discounts.
C) Functional discounts.
D) Seasonal discounts.

Accepted Answer

Cash discounts are offered to encourage buyers to pay their bills promptly.

Question 4

Which of the following statements is true regarding the "management-by-objectives" method?
A) Management by objectives is most helpful in organizations that have rapid changes.
B) Management by objectives is most helpful in mechanistic organizations with rigidly defined tasks.
C) Management by objectives helps organizations to keep employees motivated.
D) Management by objectives helps organizations to distinguish clearly strategic goals from operational goals.

Accepted Answer

The answer of Which of the following statements is true...

Question 5

Which of the following is not a common feature of cumulative preferred stock?
A) Priority over common stock with regard to dilution of shares.
B) Priority over common stock with regard to earnings.
C) Priority over common stock with regard to dividend payment.
D) Priority over common stock with regard to assets.

Accepted Answer

Cumulative preferred stock typically has priority over common stock in terms of earnings, dividend payments, and assets in the event of liquidation. However, it does not have priority over common stock with regard to dilution of shares, which refers to the reduction in existing shareholders' ownership percentages due to the issuance of new shares.

Question 6

Which of the following focuses on finding statistical relationships in order to create profiles?
A) Process mining.
B) Process analysis.
C) Data mining.
D) Data analysis.

Accepted Answer

The answer of Which of the following focuses on finding...

Question 7

If legal or regulatory standards prohibit conformance with certain parts of The IIA's Standards, the auditor should do which of the following?
A) Conform with all other parts of The IIA's Standards and provide appropriate disclosures.
B) Conform with all other parts of The IIA's Standards; there is no need to provide appropriate disclosures.
C) Continue the engagement without conforming with the other parts of The IIA's Standards.
D) Withdraw from the engagement.

Accepted Answer

The auditor should conform with all other parts of The IIA's Standards and provide appropriate disclosures about the non-conformance due to legal or regulatory prohibitions.

Question 8

Which of the following is improved by the use of smart devices?
A) Version control.
B) Privacy.
C) Portability.
D) Secure authentication

Accepted Answer

Smart devices are often designed to be portable, allowing users to carry them easily and use them in various locations.

Question 9

According to IIA guidance on IT, which of the following best describes a situation where data backup plans exist to ensure that critical data can be restored at some point in the future, but recovery and restore processes have not been defined?
A) Hot recovery plan.
B) Warm recovery plan.
C) Cold recovery plan.
D) Absence of recovery plan.

Accepted Answer

The answer of According to IIA guidance on IT, which...

Question 10

Which of the following is a project planning methodology that involves a complex series of required simulations to provide information about schedule risk?
A) Monte Carlo Analysis.
B) Project Management Information System (PMIS)
C) Earned Value Management (EVM).
D) Integrated Project Plan.

Accepted Answer

Monte Carlo Analysis is a project planning methodology that uses simulations to assess the impact of risk and uncertainty on project schedules and costs.

Question 11

Which of the following is classified as a product cost using the variable costing method? 1. Direct labor costs. 2. Insurance on a factory. 3. Manufacturing supplies. 4. Packaging and shipping costs.
A) 1 and 2.
B) 1 and 3.
C) 2 and 4.
D) 3 and 4.

Accepted Answer

The answer of Which of the following is classified as...

Question 12

Which of the following is an example of a nonfinancial internal failure quality cost?
A) Decreasing gross profit margins over time.
B) Foregone contribution margin on lost sales.
C) Defective units shipped to customers.
D) Excessive time to convert raw materials into finished goods.

Accepted Answer

Excessive time to convert raw materials into finished goods is a nonfinancial internal failure cost as it reflects inefficiencies in the production process that do not directly involve financial transactions.

Question 13

According to Maslow's hierarchy of needs theory, which of the following best describes a strategy where a manager offers an assignment to a subordinate specifically to support his professional growth and future advancement?
A) Esteem by colleagues.
B) Self-fulfillment.
C) Sense of belonging in the organization.
D) Job security.

Accepted Answer

The answer of According to Maslow's hierarchy of needs theory,...

Question 14

According to the waterfall cycle approach to systems development, which of the following sequence of events is correct?
A) Program design, system requirements, software design, analysis, coding, testing, operations.
B) System requirements, software design, analysis, program design, testing, coding, operations.
C) System requirements, software design, analysis, program design, coding, testing, operations.
D) System requirements, analysis, coding, software design, program design, testing, operations.

Accepted Answer

The waterfall model follows a linear and sequential approach: system requirements, software design, analysis, program design, coding, testing, and operations.

Question 15

According to IIA guidance, which of the following statements is true with regard to workstation computers that access company information stored on the network?
A) Individual workstation computer controls are not as important as companywide server controls.
B) Particular attention should be paid to housing workstations away from environmental hazards.
C) Cybersecurity issues can be controlled at an enterprise level, making workstation level controls redundant.
D) With security risks near an all-time high, workstations should not be connected to the company network.

Accepted Answer

The answer of According to IIA guidance, which of the...

Question 16

Which of the following is the most appropriate way to record each partner's initial investment in a partnership?
A) At the value agreed upon by the partners.
B) At book value.
C) At fair value.
D) At the original cost.

Accepted Answer

The most appropriate way to record each partner's initial investment in a partnership is at the value agreed upon by the partners, as it reflects the mutual agreement and understanding of the value contributed by each partner.

Question 17

Refer to 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.

Accepted Answer

The answer of Refer to the exhibit.  If the...

Question 18

Maintenance cost at a hospital was observed to increase as activity level increased. The following data was gathered: Activity Level - Maintenance Cost Month Patient Days Incurred January 5,600 $7,900 February 7,100 $8,500 March 5,000 $7,400 April 6,500 $8,200 May 7,300 $9,100 June 8,000 $9,800 If the cost of maintenance is expressed in an equation, what is the independent variable for this data?
A) Fixed cost.
B) Variable cost.
C) Total maintenance cost.
D) Patient days.

Accepted Answer

The independent variable is the one that is manipulated or changed to observe its effect on the dependent variable. In this case, "Patient days" is the independent variable as it influences the "Maintenance cost."

Question 19

At what point during the systems development process should an internal auditor verify that the new application's connectivity to the organization's other systems has been established correctly?
A) Prior to testing the new application.
B) During testing of the new application.
C) During implementation of the new application.
D) During maintenance of the new application.

Accepted Answer

Prior to testing the new application is the correct time to verify that the new application's connectivity to the organization's other systems has been established correctly. This is because if the connectivity is not established correctly, the new application will not be able to communicate with the other systems and will not be able to function properly.

Question 20

Which of the following is an example of a physical control?
A) Providing fire detection and suppression equipment.
B) Establishing a physical security policy and promoting it throughout the organization.
C) Performing business continuity and disaster recovery planning.
D) Keeping an offsite backup of the organization's critical data.

Accepted Answer

The answer of Which of the following is an example...

Exam 5: Business Analysis and Information Technology

For employees, the primary value of implementing job enrichment is which of the following?

Which of the following is most important for an internal auditor to check with regard to the database version?

Which of the following price adjustment strategies encourages prompt payment?

Which of the following statements is true regarding the "management-by-objectives" method?

Which of the following is not a common feature of cumulative preferred stock?

Which of the following focuses on finding statistical relationships in order to create profiles?

If legal or regulatory standards prohibit conformance with certain parts of The IIA's Standards, the auditor should do which of the following?

Which of the following is improved by the use of smart devices?

According to IIA guidance on IT, which of the following best describes a situation where data backup plans exist to ensure that critical data can be restored at some point in the future, but recovery and restore processes have not been defined?

Which of the following is a project planning methodology that involves a complex series of required simulations to provide information about schedule risk?

Which of the following is classified as a product cost using the variable costing method? 1. Direct labor costs. 2. Insurance on a factory. 3. Manufacturing supplies. 4. Packaging and shipping costs.

Which of the following is an example of a nonfinancial internal failure quality cost?

According to Maslow's hierarchy of needs theory, which of the following best describes a strategy where a manager offers an assignment to a subordinate specifically to support his professional growth and future advancement?

According to the waterfall cycle approach to systems development, which of the following sequence of events is correct?

According to IIA guidance, which of the following statements is true with regard to workstation computers that access company information stored on the network?

Which of the following is the most appropriate way to record each partner's initial investment in a partnership?

Refer to 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?

At what point during the systems development process should an internal auditor verify that the new application's connectivity to the organization's other systems has been established correctly?

Which of the following is an example of a physical control?