IIA-CIA-Part3-3P Exam Practice Test Instant Access

Question 1

A manager decided to build his team's enthusiasm by giving encouraging talks about employee empowerment, hoping to change the perception that management should make all decisions in the department.

The manager is most likely trying to impact which of the following components of his team's attitude?

AAffective component.

BCognition component.

CThinking component.

DBehavioral component.

Answer : A

Question 2

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

ACash payback technique.

BAnnual rate of return technique.

CInternal rate of return method.

DNet present value method.

Answer : A

Question 3

In an effort to increase business efficiencies and improve customer service offered to its major trading partners, management of a manufacturing and distribution company established a secure network, which provides a secure channel for electronic data interchange between the company and its partners.

Which of the following network types is illustrated by this scenario?

AA value-added network.

BA local area network.

CA metropolitan area network.

DA wide area network.

Answer : A

Question 4

When examining an organization's strategic plan, an internal auditor should expect to find which of the following components?

AIdentification of achievable goals and timelines.

BAnalysis of the competitive environment.

CPlan for the procurement of resources.

DPlan for progress reporting and oversight.

Answer : A

Question 5

Which of the following practices impacts copyright issues related to the manufacturer of a smart device?

ASession hijacking.

BJailbreaking.

CEavesdropping.

DAuthentication.

Answer : B

Question 6

Which of the following statements is true regarding an investee that received a dividend distribution from an entity and is presumed to have little influence over the entity?

AThe cash dividends received increase the investee investment account accordingly.

BThe investee must adjust the investment account by the ownership interest.

CThe investment account is adjusted downward by the percentage of ownership.

DThe investee must record the cash dividends as dividend revenue.

Answer : D

Question 7

At a manufacturing plant, how would using Internet of Things during the production process benefit the organization?

AIt would provide the ability to monitor in real-time.

BIt would assist in securing sensitive data.

CIt would help detect cyberattacks in a more timely fashion.

DIt would assist in ensuring that data integrity is maintained.

Answer : A

IIA CIA Exam Part Three: Business Knowledge for Internal Auditing Exam Practice Test