Jul-2025 Free IIA IIA-CIA-Part3 Exam Question Practice Exams [Q73-Q93]

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Jul-2025 Free IIA IIA-CIA-Part3 Exam Question Practice Exams

Ace IIA-CIA-Part3 Certification with 417 Actual Questions

IIA-CIA-Part3 exam consists of 100 multiple-choice questions and must be completed within two and a half hours. IIA-CIA-Part3 exam is computer-based and can be taken at any authorized testing center around the world. The passing score for the exam is 600 out of a possible 800 points.

NO.73 Which of the following are appropriate functions for an IT steering committee? 1.Assess the technical adequacy of standards for systems design and programming. 2.Continually monitor of the adequacy and accuracy of software and hardware in use. 3.Assess the effects of new technology on the organization`s IT operations. 4.Provide broad oversight of implementation, training, and operation of new systems.

1, 2, and 3

1, 2, and 4

1, 3, and 4

2, 3, and 4

NO.74 An entity experienced sales of US $5 billion, profit before interest and taxes of US $200 million, profit before taxes of US $100 million, and profit of US $70 million. Based on this information and the entity’s balance sheet information in Exhibit A. the return on equity ROE is:

4.67%

6.67%

13.33%

14%

The return on equity equals profit US $70,000,000) divided by equity $500,000,000) ordinary shares / $1,000,000,000 retained earnings).

NO.75 An inventory clerk, using a computer terminal, views the following on screen part number, part description, quantity on hand, quantity on order, order quantity, and reorder point for a particular inventory item. Collectively, these data make up a:

Field.

File.

Database.

Record.

A record is a collection of related data items fields). A field data item) is a group of characters representing one unit of information. The part number, part description, etc., are represented by fields.

NO.76 The feasible solution region is bounded by the lines connecting points:

3, 4, 6, and 7.

I, 5, 6, and 8.

2, 4, , , and 8.

3, E. 6, and 7.

A model consisting of a system of functions may be used to optimize an objective function. If the functions in the model are all linear, the model is a linear programming model. Linear programming is a technique to determine optimal resource allocation. Several solution methods are available to solve linear programming problems. The graphical method, the easiest technique, is limited to simple problems. Here, the graph consists of three lines, each representing a production constraint. The lines connecting points , 4, 6, and 7 bound the feasible solution region. Product mikes of and Y that lie outside this boundary cannot be produced and/or sold because the demand constraint line ,4), the labor constraint line 4,6), and the material constraint line 6,7) are binding. A company produces two products, and Y, which use material and labor as inputs. Fixed amounts of labor and material are available for production each month In addition. the demand for product Y each month is limited: product has no constraint an the number of units that can be sold. A graphical depiction of these production and demand constraints is presented in the opposite column.

NO.77 Which of the following statements is true regarding the “management-by-objectives” method?

Management by objectives is most helpful in organizations that have rapid changes.

Management by objectives is most helpful in mechanistic organizations with rigidly defined tasks.

Management by objectives helps organizations to keep employees motivated.

Management by objectives helps organizations to distinguish clearly strategic goals from operational goals.

Explanation/Reference: https://www.investopedia.com/terms/m/management-by-objectives.asp

NO.78 Which of the following statements is not true regarding ISO 9000 standards?

Compliance with the standards is voluntary.

The ISO 9000 standards are revised every 5 years to account for technical and market developments.

The objective of ISO 9000 standards is to ensure high quality products and services.

ISO 9000 is a set of generic standards for establishing and maintaining a quality system within an entity.

The objective of ISO 9000 standards is to ensure consistent quality even if the quality is poor. The market determines the quality of the result.

NO.79 Which of the following is a project planning methodology that involves a complex series ot required simulations to provide information about schedule risk?

Monte Carlo Analysis

Project Management Information System (PMIS)

Earned Value Management (EVM).

Integrated Project Plan A

NO.80 Which of the following statements is true regarding partnership liquidation?

Operations can continue after the liquidation if all partners agree

Partnership liquidation ends both the legal and economic life of an entity

Partnership liquidation occurs when there is capital deficiency

When a partnership is liquidated, each partner pays creditors from cash received

NO.81 The estimated demand for pretzels at the next home football game using an expected value approach is:

4,000 pretzels.

4,400 pretzels.

5,000 pretzels.

6,000 pretzels.

The calculation using an expected value approach weights each possible sales volume by its probability. Thus, the estimated demand is 4,400 pretzels.
The College Honor Society sells hot pretzels at the home football games. The pretzels are sold for US $1.00 each, and the cost per pretzel is U $.30. Any unsold pretzels are discarded because they will be stale before the next home game. 95. The estimated demand for pretzel at the next home football game. The frequency distribution of the demand for pretzels pe game is presented as follows.

NO.82 Only two companies manufacture Product A. The finished product is identical regardless of which company manufactures it. The cost to manufacture Product A is US $1, and the selling price is US $2. One company considers reducing the price to achieve 100c’% market share but fears the other company will respond by further reducing the price. Such a scenario would involve a:

No-win strategy.

Dual-win strategy.

One win-one lose strategy.

Neutral strategy.

If bath firms reduce the selling price of Product A, neither will gain sales and the resultant price war will cause bath firms to earn lower profits. This outcome is inevitable when reduced profit margins do not result in a significant increase in sales. The effect is a no-win strategy. A bank has two drive-in lanes to serve customers: one attached to the bank itself and one on an island. One teller serves bath stations. The bank is interested in determining the average waiting times of customers and has developed a model based on random numbers. The two key factors are the time between successive car arrivals and the time customers wait in line. Assume that the analysis begins with cars just arriving at bath service windows. bath requiring 3 minutes of service time. Car 1 is the attached window attached to the bank unless that window has more cars waiting than the island window. The lone teller will always serve the car that arrived first. If two cars arrive simultaneously, the one at the attached window will be served before the one at the island.

NO.83 When a new application is being created for widespread use in a large organization, the principal liaison between the IT function and the rest of an organization is normally a(n):

End user.

Application programmer.

Maintenance programmer.

Systems analyst

Systems analysts are specifically qualified to analyze and design computer information systems. They survey the existing system, analyze the organization’s information requirements, and design new systems to meet those needs. Systems analysts communicate with the entire organization and act as a liaison between the organization and the IT function.

NO.84 On June 1 of the current year, XYZ Company purchased British pounds for 10,000 euros. It also acquired land for 25,000 euros. At the end year or XYZ Company’s fiscal year on December 31, the spot rate for the pound was 1.20 euros. The land had a value of 27,500 euros. XYZ Company records its nonmonetary items at historical cost. Which of the following is the correct presentation of this transaction on XYZ Company’s balance sheet?

€10,000 €25,000

€10,000 €27,500

€12,000 €25,000

€12,000 €27,500

At the balance sheet date, monetary items are reported at the closing rate, which is often the spot rate on the balance sheet date. Nonmonetary items measured at historical cost reported at the rate on the transaction date. Thus, the pounds are reported at €12.0001.20
€/￡ x €10,000), and the land is reported at €25,000.

NO.85 An increase in excise taxes will generate <List A- tax revenue if it is levied on products for which demand is <List B> elastic.

Option A

Option B

Option C

Option D

A higher excise tax increases the selling price of the product. This price increase will have a less negative effect on sales volume for products with less elastic demand. Examples of products with low elasticity of demand include gasoline, tobacco, and alcohol The tax revenue generated by an increase in excise taxes is therefore higher if the taxis levied on products with less elastic demand.

NO.86 The marketing department of a company is deciding on the price to charge for a key product.
In setting this price, marketing needs to consider the price that a major competitor will charge for a similar product because the competitor’s price will affect the demand for the company’s product. Similarly, in setting its price, the competitor will consider what the company will charge. What is an appropriate mathematical technique for analyzing such a decision?

Game theory.

Probability theory.

Linear programming.

Sensitivity analysis.

Game or decision) theory is a mathematical approach to decision making when confronted with an enemy or competitor. Games are classified according to the number of players and the algebraic sum of the payoffs. In a two-person game, if the payoff is given by the loser to the winner, the algebraic sum is zero and the game is called a zero-sum game. If it is possible for both players to profit, however, the game is a positive-sum game. Mathematical models have been developed to select optimal strategies for certain simple games.

NO.87 If a corporation’s disaster recovery plan requires fast recovery with little or no downtime, which of the following backup sites should it choose?

Hot site.

Warm site.

Cold site.

Quick site.

A company uses a hot site backup when fast recovery is critical. The hot site includes all software, hardware, and other equipment necessary for a company to carry out operations. Hot sites are expensive to maintain and may be shared with other organizations with similar needs.

NO.88 Preferred stock is less risky for investors than is common stock because:

Common stock pays dividends as a stated percentage of face value.

Common stock has priority over preferred stock with regard to earnings and assets.

Preferred dividends are usually cumulative.

Preferred stock with no conversion feature has a higher dividend yield than does convertible preferred stock.

NO.89 In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?

It uses the same products in all countries.

It centralizes control with little decision-making authority given to the local level.

It is an effective strategy when large differences exist between countries.

It provides cost advantages, improves coordinated activities, and speeds product development.

NO.90 Program documentation is a control designed primarily to ensure that:

Programmers have access to production programs.

Programs do not make mathematical errors.

Programs are kept up to date and perform as intended.

No one has made use of the computer hardware for personal reasons.

Complete, up-to-date documentation of all programs and associated operating procedures is necessary for efficient operation of a computer installation. Maintenance of programs is important to provide for continuity and consistency of data processing services to users. Program documentation the program run manual) consists of problem statements, systems flowcharts, operating instructions, record layouts, program flowcharts, program listings, test data, and approval and change sheets.

NO.91 Which of the following does not provide operational assurance that a computer system is operating properly?

Performing a system audit.

Making system changes.

Testing policy compliance.

Conducting system monitoring.

NO.92 An IT manager has only enough resources to install either a new payroll system or a new data security system, but not both. Which of the following actions is most appropriate?

Giving priority to the security system.

Leaving the decision to the IT manager.

Increasing IT staff output in order for both systems to be installed.

Having the information systems steering committee set the priority.

The needs assessment and cost-benefit analysis should be conducted by those responsible for making the decision. In this case, the information systems steering committee is the appropriate decision maker.

NO.93 Intensive distribution is most likely to be used for:

Shopping goods.

Specialty goods.

Convenience goods.

Unsought goods.

Convenience goods are consumer goods and services that are usually low-priced and I widely available. Consumers buy them often and with a minimum of comparison and effort.
Examples are soap and newspapers. Producers of convenience goods ordinarily use intensive distribution to sell their products through a large number of retail or wholesale units.

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Jul-2025 Free IIA IIA-CIA-Part3 Exam Question Practice Exams [Q73-Q93]

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