IIA-CIA-Part3 Free Practice Test

- (Exam Topic 1)
The percentage of sales method, rather than the percentage of receivables method, would be used to estimate uncollectible accounts if an organization seeks to:

1. A. Use an aging schedule to more closely estimate uncollectible accounts.
2. B. Eliminate the need for an allowance for doubtful accounts.
3. C. Emphasize the accuracy of the net realizable value of the receivables on the balance sheet.
4. D. Use a method that approximates the matching principle.

Correct Answer: D

- (Exam Topic 1)
A small furniture-manufacturing firm with 100 employees is located in a two-story building and does not plan to expand. The furniture manufactured is not special-ordered or custom-made. The most likely structure for this organization would be:

1. A. Functional departmentalization.
2. B. Product departmentalization.
3. C. Matrix organization.
4. D. Divisional organization.

Correct Answer: A

- (Exam Topic 2)
Which of the following is an example of a phishing attack?

1. A. An employee receives an email that appears to be from the organization's bank, though it is no
2. B. The employee replies to the email and sends the requested confidential information.
3. C. An organization's website has been hacke
4. D. The hacker added political content that is not consistent with the organization's views.
5. E. An organization's systems have been compromised by malicious softwar
6. F. The software locks the organization's operating system until d ransom is paid.
7. G. An organization's communication systems have been intercepte
8. H. A communication session is controlled by an unauthorized third party.

Correct Answer: A

- (Exam Topic 2)
What is the most significant potential problem introduced by just-in-time inventory systems?

1. A. They require significant computer resources.
2. B. They are susceptible to supply-chain disruptions.
3. C. They require complicated materials-supply contracts.
4. D. They prevent manufacturers from scaling up or down to meet changing demands.

Correct Answer: B

- (Exam Topic 1)
A key advantage of developing a computer application by using the prototyping approach is that it:

1. A. Does not require testing for user acceptance.
2. B. Allows applications to be portable across multiple system platforms.
3. C. Is less expensive since it is self-documenting.
4. D. Better involves users in the design process.

Correct Answer: D