IIA-CIA-Part3 Free Practice Test

- (Exam Topic 1)
In which type of business environment are price cutting strategies and franchising strategies most appropriate?

1. A. Embryonic, focused.
2. B. Fragmented, decline.
3. C. Mature, fragmented.
4. D. Competitive, embryonic.

Correct Answer: C

- (Exam Topic 1)
Which of the following is useful for forecasting the required level of inventory?
* 1. Statistical modeling.
* 2. Information about seasonal variations in demand.
* 3. Knowledge of the behavior of different business cycles.
* 4. Pricing models linked to seasonal demand.

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

Correct Answer: C

- (Exam Topic 2)
Which of the following statements about mentoring is true?
* 1. Mentoring can be used effectively for increasing employee retention
* 2. Mentoring can be used effectively in reducing employees frustration.
* 3. Mentoring can be used effectively for increasing organization communication.
* 4. Mentoring can be used effectively as a short term activity consisting of instruction and training

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

Correct Answer: A

- (Exam Topic 2)
An internal audit manager is explaining to a newly hired staff auditor the various analytics techniques frequently used by the internal audit activity Which of the following statements is true regarding these analytics techniques?

1. A. Process mining is a type of data analysts where the data subject is a process
2. B. Process analysis is a type of data mining where the data subject is a designated area of a process
3. C. Data mining is a type of data analysis that focuses on finding statistical relationships in order to create profiles
4. D. Data mining involves examining small amounts of structured data in a systematic manner

Correct Answer: C

- (Exam Topic 1)
Which of the following is a characteristic of an emerging industry?

1. A. Established strategy of players.
2. B. Low number of new firms.
3. C. High unit costs.
4. D. Technical expertise.

Correct Answer: C