Free Access IIA.IIA-CIA-Part3.v2023-01-04.q110 Practice Test (Page 4)

Question 11

Which of the following cost of capital methods identifies the time period required to recover She cost of the capital investment from the annual inflow produced?

A.Net present value method.

B.Internal rate of return method.

C.Cash payback technique

D.Annual rate of return technique.

Question 12

Which of the following is a characteristic of big data?

A.Big data is always changing

B.Big data comes from a single type of formal.

C.Big data must be relevant for the purposes of organizations.

D.Big data is being generated slowly due to volume.

Question 13

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 510 ,000, and Partner B contributed equipment with a self-declared value of 515,000. The capital accounts reach partner were subsequently credited with $12,500. Which of the following statements Is true regarding this transection?

A.The capital accounts of the partners should be increased by She fair market value of their contribution.

B.No action is needed, as the capital account of each partner was increased by the correct amount,

C.The capital accounts of the partners should be increased by she original cost of the contributed equipment.

D.The capital accounts should be increased using a weighted average based by the current percentage of ownership.

Question 14

An investor has acquired an organization that has a dominant position in a mature. slew-growth Industry and consistently creates positive financial income.
Which of the following terms would the investor most likely label this investment in her portfolio?

A.A question mark

B.A star

C.A dog

D.A cash cow

Question 15

Which of the following statements Is true regarding the use of centralized authority to govern an organization?

A.Using separation of duties to mitigate collusion is reduced only when authority is centralized.

B.When authority is centralized, the alignment of activities to achieve business goals typically is decreased.

C.Centralized managerial authority typically enhances certainty and consistency within an organization.

D.Fraud committed through collusion is more likely when authority is centralized.

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