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NEW QUESTION 1
Which of the following control features consists of a set of authorization codes that distinguishes among actions such as reading, adding, and deleting records?
- A. Internally encrypted passwords
- B. System access privileges.
- C. Logon passwords
- D. Protocol controls.
Answer: B
NEW QUESTION 2
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.
Answer: C
NEW QUESTION 3
Which of me following responsibilities would ordinary fall under the help desk function of an organization?
- A. Maintenance service items such as production support
- B. Management of infrastructure services including network management
- C. Physical hosting of mainframes and distributed servers
- D. End-lo-end security architecture design
Answer: B
NEW QUESTION 4
An organization with an annual demand of 25.000 units correctly computes its economic order quantity to be 1,000 units Its safety stock is 300 units and the lead time is two days If there are 250 production days in a year what is the reorder point1?
- A. 200 units.
- B. 300 units.
- C. 500 units.
- D. 1,000 units.
Answer: C
NEW QUESTION 5
The process of scenario planning begins with which of the following steps?
- A. Determining the trends that will influence key factors in the organization's environment.
- B. Selecting the issue or decision that will impact how the organization conducts future business.
- C. Selecting leading indicators to alert the organization of future developments.
- D. Identifying how customers, suppliers, competitors, employees, and other stakeholders will react.
Answer: B
NEW QUESTION 6
During which phase of disaster recovery planning should an organization identify the business units, assets, and systems that are critical to continuing an acceptable level of operations?
- A. Scope and initiation phase.
- B. Business impact analysis.
- C. Plan development.
- D. Testing.
Answer: B
NEW QUESTION 7
Under a value-added taxing system:
- A. Businesses must pay a tax only if they make a profit.
- B. The consumer ultimately bears the cost of the tax through higher prices.
- C. Consumer savings are discouraged.
- D. The amount of value added is the difference between an organization's sales and its cost of goods sold.
Answer: B
NEW QUESTION 8
An internal auditor was asked to review an equal equity partnership In one sampled transaction Partner A transferred equipment into the partnership with a self-declared value of $10,000 and Partner B contributed equipment with a self-declared value of $15 000 The capital accounts of each partner were subsequently credited with S12,500. Which of the following statements is true regarding this transaction?
- A. The capital accounts of the partners should be increased by the original cost of the contnbuted equipment.
- B. The capital accounts should be increased using a weighted average based on the current percentage of ownership
- C. No action is needed as the capital account of each partner was increased by the correct amount
- D. The capital accounts of the partners should be increased by the fair market value of their contribution
Answer: C
NEW QUESTION 9
An organization with global headquarters in the United States has subsidiaries in eight other nations. If the organization operates with an ethnocentric attitude, which of the following statements is true?
- A. Standards used for evaluation and control are determined at local subsidiaries, not set by headquarters.
- B. Orders, commands and advice are sent to the subsidiaries from headquarters.
- C. People of local nationality are developed for the best positions within their own country
- D. There is a significant amount of collaboration between headquarters and subsidiaries.
Answer: B
NEW QUESTION 10
Which of the following is an example of a key systems development control typically found in the in-house development of an application system?
- A. Logical access controls monitor application usage and generate audit trails.
- B. The development process is designed to prevent, detect and correct errors that may occur
- C. A record is maintained to track the process of data from input, to output, to storage
- D. Business users' requirements are documented, and their achievement is monitored
Answer: D
NEW QUESTION 11
According to MA guidance on IT. which of the following would be considered a primary control for a spreadsheet to help ensure accurate financial reporting?
- A. Formulas and static data are locked or protected.
- B. The spreadsheet is stored on a network server that is backed up daily.
- C. The purpose and use of the spreadsheet are documented.
- D. Check-in and check-out software is used to control versions.
Answer: A
NEW QUESTION 12
Which of the following is a key characteristic of a zero-based budget?
- A. A zero-based budget provides estimates of costs that would be incurred under different levels of activity.
- B. A zero-based budget maintains focus on the budgeting process.
- C. A zero-based budget is prepared each year and requires each item of expenditure to be justified.
- D. A zero-based budget uses input from lower-level and middle-level managers to formulate budget plans.
Answer: C
NEW QUESTION 13
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
Answer: C
NEW QUESTION 14
Which of the following network types should an organization choose if it wants to allow access only to its own personnel?
- A. An extranet
- B. A local area network.
- C. An intranet
- D. The internet
Answer: B
NEW QUESTION 15
Which of the following would most likely be found in an organization that uses a decentralized organizational structured?
- A. There is a higher reliance on organizational culture
- B. There are clear expectations set for employees
- C. There are electronic monitoring techniques employed
- D. There is a defined code for employee behavior
Answer: B
NEW QUESTION 16
Which of the following statements is in accordance with COBIT?
* 1. Pervasive controls are general while detailed controls are specific.
* 2. Application controls are a subset of pervasive controls.
* 3. Implementation of software is a type of pervasive control.
* 4. Disaster recovery planning is a type of detailed control.
- A. 1 and 4 only
- B. 2 and 3 only
- C. 2, 3, and 4 only
- D. 1, 2, and 4 only
Answer: A
NEW QUESTION 17
Multinational organizations generally spend more time and effort to identify and evaluate:
- A. Internal strengths and weaknesses.
- B. Break-even points.
- C. External trends and events.
- D. Internal risk factors.
Answer: C
NEW QUESTION 18
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