Most Recent IIA-CIA-Part3-3P Exam Questions & Answers

Prepare for the IIA CIA Exam Part Three: Business Knowledge for Internal Auditing exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the IIA-CIA-Part3-3P exam and achieve success.

The questions for IIA-CIA-Part3-3P were last updated on Dec 20, 2024.

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Question No. 1

An organization's board of directors is particularly focused on positioning the organization as a leader in the industry and beating the competition.

Which of the following strategies offers the greatest alignment with the board's focus?

ADivesting product lines expected to have negative profitability.

BIncreasing the diversity of strategic business units.

CIncreasing investment in research and development for a new product.

DRelocating the organization's manufacturing to another country.

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Correct Answer: B

Question No. 2

In an analysis of alternative credit-management policies, which of the following components will cause the net present value of receivables on credit sales to increase, if everything else remains constant?

AA tougher collections policy that reduces the bad debt loss ratio.

BA higher cost per unit sold.

CA longer average collection period.

DAn increase in the cost of capital.

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Correct Answer: A

Question No. 3

Which of the following can be classified as debt investments?

AInvestments in the capital stock of a corporation.

BAcquisition of government bonds.

CContents of an investment portfolio.

DAcquisition of common of a stock corporation.

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Correct Answer: B

Question No. 4

Which of the following strategies is most appropriate for an industry that is in decline?

AInvest in marketing.

BInvest in research and development.

CControl costs.

DShift toward mass production.

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Correct Answer: C

Question No. 5

Which of the following budgets serves as a basis for the budgeted income statement?

AAll financial budgets

BAll operating budgets

COnly the cash budget and budgeted balance sheet

DOnly the sales and production budgets

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Correct Answer: B

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