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  1. Home
  2. IIA
  3. Business Knowledge for Internal Auditing
  4. IIA.IIA-CIA-Part3.v2022-04-17.q421
  5. Question 333
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Question 333/421

Organizational activities that complement each other and create a competitive advantage are called a:

Correct Answer: C

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Other Question (421q)
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Q2. Which of the following are the most appropriate measures for evaluating the change in an o...
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Q9. Which of the following is false with respect to client-server networks?...
Q10. What risk element is management seeking to identify by asking the following question: What...
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Q13. If RCF does not maintain a safety stock, the estimated total carrying costs for the comput...
Q14. Quality cost indices are often used to measure and analyze the cost of maintaining or impr...
Q15. An investment company is attempting to allocate its available funds between two investment...
Q16. A company has several departments that conduct technical studies and prepare reports for c...
Q17. An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variabl...
Q18. Product-quality-related costs are part of a total quality control program. A product-quali...
Q19. All of the following are methods for distributing a relational database across multiple se...
Q20. A business is designing its storage for accounts receivable information. What data file co...
Q21. Which of the following statements about mentoring is true? 1. Mentoring can be used effect...
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Q29. An organization needs to borrow a large amount of cash to fund its expansion plan. Which o...
Q30. According to the COSO enterprise risk management (ERM) framework, which of the following i...
Q31. Which of the following is the best approach to overcome entry barriers into a new business...
Q32. A total interruption of processing throughout a distributed information technology system ...
Q33. Which of the following factors is most likely to lead to a lack of cohesiveness in a proje...
Q34. An organization has a compensation system for its managers based on a management- objectiv...
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Q37. Which of the following is an example of an application control?...
Q38. Which of the following distinguishes the added-value negotiation method from traditional n...
Q39. Which of the following distinguishes the added-value negotiation method from traditional n...
Q40. In PERT, slack is the:
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Q97. A widely used approach that managers use to recognize uncertainty about individual items a...
Q98. The primary reason for social regulation is that:...
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Q126. The correct equation for calculating the approximate percentage cost, on an annual basis, ...
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Q349. Activity scheduling information for the installation of a new computer system is given bel...
Q350. After implementing EDI with suppliers, a company discovered a dramatic increase in the pri...
Q351. The total exports of Vietnam are US $20,000,000 worth of rice to Greece, and the total exp...
Q352. The value of the domestic currency in relation to foreign currencies is:...
Q353. Using the net present value method, project A's net present value is:...
Q354. Which of the following statements accurately describes the responsibility of the internal ...
Q355. The following facts are presented for an entity that uses the retail inventory method. Wha...
Q356. How much must the steel: to worth at expiration for a call holder to break even if the exe...
Q357. Which of the following activities most significantly increases the risk that a bank will m...
Q358. Import quotas that limit the quantities of goods that a domestic subsidiary can buy from i...
Q359. The audit committee of a global corporation has mandated a change in the organization's bu...
Q360. In the Gantt chart below, shaded bars represent completed portions of activities, bars dep...
Q361. When a manager generalizes from the evaluation of one or a few traits to the employee's to...
Q362. Which of the following best demonstrates an organization's ability to recover from a disas...
Q363. When a multinational entity decides to sell its products abroad, one of the risks it faces...
Q364. In order to provide useful information for an organization's risk management decisions, wh...
Q365. A software that translates hypertext markup language (HTML) documents and allows a user to...
Q366. A large fishing operation has information on the interval, time, and probabilities of shri...
Q367. The correlation coefficient that indicates the weakest linear association between two vari...
Q368. Everything else being equal, the internal rate of return IRR) of an investment project wil...
Q369. In a theory of constraints (TOC) analysis, the bottleneck operation (the constraint) corre...
Q370. An entity has the following contingencies at a balance sheet date: I. An obligation for cl...
Q371. A firm has recently converted its purchasing cycle from a manual process to an online comp...
Q372. The network below describes the interrelationships of several activities necessary to comp...
Q373. The average labor cost per unit for the first batch produced by a new process is US $120. ...
Q374. If, in addition to the estimated profits, management of the bank assesses the probabilitie...
Q375. While auditing a marketing department, the internal auditor discovered that the product li...
Q376. The estimated demand for pretzels at the next home football game using a deterministic app...
Q377. Queuing models are concerned with balancing the cost of waiting in the queue with the:...
Q378. If legal or regulatory standards prohibit conformance with certain parts of The IIA's Stan...
Q379. Which of the following is an example of an application system control?...
Q380. Large organizations often have their own telecommunications networks for transmitting and ...
Q381. While auditing a marketing department, the internal auditor discovered that the product li...
Q382. Which of the following is the best reason for considering the acquisition of a nondomestic...
Q383. When performing an e-commerce engagement, the greatest two concerns about the internal aud...
Q384. The following data were extracted from the financial statements of a company for the year ...
Q385. Consumer protection regulations have resulted in all of the following except...
Q386. The economic order quantity is the size of the order that minimizes total inventory costs ...
Q387. A firm ships its product to a foreign subsidiary and charges a price that may increase imp...
Q388. Your company' has decided to enter the European market with one of its products and is now...
Q389. The economic order quantity can be calculated using the following formula: (Exhibit) Which...
Q390. Before authorizing payment of an EDI invoice, the computer automatically compares the invo...
Q391. How is the letter x in the standard regression equation best described?...
Q392. A plumbing company, a wholesale distributor, supplies plumbing contractors and retailers t...
Q393. Which of the following provides the best justification for reducing trade barriers among n...
Q394. A corporation reported salaries expense of US $190,000 for December of the current year. T...
Q395. In a statement of cash flows in direct method, depreciation expense should be presented as...
Q396. Which of the following application controls can be defined as controls that monitor data B...
Q397. What is the deferred tax asset or liability reported on Lally's balance sheet on December ...
Q398. A change in credit policy has caused an increase in sales, an increase in discounts taken,...
Q399. Six months after a disgruntled systems programmer was fired and passwords disabled, the co...
Q400. Which of the following is false with regard to Internet connection firewalls?...
Q401. Which of the following risks would involve individuals attacking an oil company's IT syste...
Q402. The errors cause the reported profit for the year ending Deg-ember 31. Year 4, to be:...
Q403. The errors cause the reported retained earnings at December 31. Year 4, to be:...
Q404. Quality cost indices are often used to measure and analyze the cost of maintaining or impr...
Q405. In December Year 1 catalogs were printed for use in a special promotion in January Year 2....
Q406. What is the percentage of the total variance that can be explained by the regression equat...
Q407. If legal or regulatory standards prohibit conformance with certain parts of The IIA's Stan...
Q408. Heniser Pet Foods manufactures two products, X and Y. The unit contribution margins for Pr...
Q409. Which of the following statements is true regarding the risks associated with the increase...
Q410. The halo effect may diminish the accuracy of the evaluation of employees. Which of the fol...
Q411. The feasible solution region is bounded by the lines connecting points:...
Q412. For a multinational organization, which of the following is a disadvantage of an ethnocent...
Q413. If, in addition to the estimated profits, management of the bank assesses the probabilitie...
Q414. Which of the following is an indication that a computer virus is present?...
Q415. A plumbing company, a wholesale distributor, supplies plumbing contractors and retailers t...
Q416. Which of the following statements pertaining to a market skimming pricing strategy is not ...
Q417. A benefit of using computer-aided software engineering CASE) technology is that it can ens...
Q418. The primary objective of security software is to:...
Q419. Value engineering is:
Q420. A service entity's working capital at the beginning of January was 70,000. The following t...
Q421. Copper Co will report year-end total assets of:...
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