Free PDF IIA - IIA-CIA-Part3-3P - Unparalleled CIA Exam Part Three: Business Knowledge for Internal Auditing Exam Questions Pdf

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The Certified Internal Auditor (CIA) Exam is a globally recognized certification program that measures the knowledge, skills, and competencies required of internal auditors. The IIA-CIA-Part3-3P Exam is one of the three exams that candidates must pass to earn their CIA certification. IIA-CIA-Part3-3P Exam, also known as the Business Knowledge for Internal Auditing exam, covers the fundamental principles of business management, including financial management, corporate governance, risk management, and information technology.

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IIA-CIA-Part3-3P exam consists of 100 multiple-choice questions that candidates must complete within a time limit of 2.5 hours. IIA-CIA-Part3-3P Exam Syllabus covers topics such as financial management, strategic planning, risk management, corporate governance, ethics, and fraud. Candidates must have a solid understanding of these topics to pass the exam.

IIA CIA Exam Part Three: Business Knowledge for Internal Auditing Sample Questions (Q70-Q75):

NEW QUESTION # 70
Which of me following is applicable to both a job order cost system and a process cost system?

A. Total manufacturing costs are determined at the end of each period.
B. Costs are summarized in a production cost repot for each department
C. Three manufacturing cost elements are tracked direct materials direct labor and manufacturing overhead.
D. The unit cost can be calculated by dividing the total manufacturing costs for the period by the units produced during the period

Answer: C

NEW QUESTION # 71
When applied to international economics, the theory of comparative advantage proposes that total worldwide output will be greatest when:

A. International trade is unrestricted and tariffs are not imposed.
B. Goods that contribute to a nation's balance-of-payments deficit are no longer imported.
C. Each good is produced by the nation that has the lowest opportunity cost for that good.
D. Each nation's total imports approximately equal its total exports.

Answer: C

NEW QUESTION # 72
Which of the following attributes of data is the most significantly impacted by the internet of things?

A. Structurization.
B. Normalization.
C. Velocity.
D. Veracity.

Answer: A

NEW QUESTION # 73
Division A produces a product with a variable cost of $5 per unit and an allocated fixed cost of $3 per unit The market price of the product is $15 plus 20% selling cost. Division B currently purchases this product from an external supplier but is going to purchase it from division A for $18 Which of the following methods of transfer pricing is being used?

A. Variable cost
B. Full absorption cost
C. Negotiation-based.
D. Market price.

Answer: D

NEW QUESTION # 74
A rapidly expanding retail organization continues to be tightly controlled by its original small management team. Which of the following is a potential risk in this vertically centralized organization?

A. Operational decisions are inconsistent with organizational goals.
B. Duplication of business activities.
C. Suboptimal decision-making.
D. Lack of coordination among different business units.

Answer: C

NEW QUESTION # 75
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