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Complete IIA-CIA-Part3 IIA Materials

Business Knowledge for Internal Auditing Questions and Answers

Question 17

What kind of strategy would be most effective for an organization to adopt in order to implement a unique advertising campaign for selling identical products across all of its markets?

Options:

A.

Export strategy.

B.

Transnational strategy.

C.

Multi-domestic strategy.

D.

Globalization strategy.

Question 18

Which of the following is an advantage of a decentralized organizational structure, as opposed to a centralized structure?

Options:

A.

Greater cost-effectiveness

B.

Increased economies of scale

C.

Larger talent pool

D.

Strong internal controls

Question 19

A new manager received computations of the internal rate of return regarding his project proposal. What should the manager compare the computation results to in order to determine whether the project is potentially acceptable?

Options:

A.

Compare to the annual cost of capital.

B.

Compare to the annual interest rate.

C.

Compare to the required rate of return.

D.

Compare to the net present value.

Question 20

Which of the following is used during all three stages of project management?

Options:

A.

Earned Value Management (EVM).

B.

Organizational procedures.

C.

Performance measurement.

D.

Project Management Information System (PMIS).