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IIA-CIA-Part3 Reliable Exam Syllabus | IIA-CIA-Part3 Reliable Exam Materials
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IIA-CIA-Part3 (Business Knowledge for Internal Auditing) Certification Exam is an essential qualification for internal auditors seeking to expand their knowledge and skills in understanding business operations and risks. Offered by the Institute of Internal Auditors (IIA), this certification exam tests candidates on their understanding of essential business concepts, including strategic planning, financial management, marketing, and human resources.
IIA Business Knowledge for Internal Auditing Sample Questions (Q256-Q261):
NEW QUESTION # 256
A supervisor receives a complaint from an employee who is frustrated about having to learn a new software program. The supervisor responds that the new software will enable the employee to work more efficiently and with greater accuracy. This response is an example of:
- A. Dialogue.
- B. Reflective listening.
- C. Empathetic listening.
- D. Reframing.
Answer: D
Explanation:
Explanation/Reference:
NEW QUESTION # 257
If the central bank of a country raises interest rates sharply, the country's currency will likely:
- A. Increase in relative value.
- B. Decrease sharply in value at first and then return to its initial value.
- C. Decrease in relative value.
- D. Remain unchanged in value.
Answer: A
Explanation:
Exchange rates fluctuate depending upon the demand for each country's currency. If a country raises its interest rates, its currency will appreciate. The demand for investment at the higher interest rates will shift the demand curare for the currency to the right. The reverse holds true for a decrease in interest rates.
NEW QUESTION # 258
If a series of profit lines for X and Y are drawn on the graph, the mix of X and Y that will result in the maximum profit can be determined from?
- A. The last point in the feasible solution region touched by a profit line.
- B. Any point on the boundary of the feasible solution region touched by a profit line.
- C. The first point on the feasible solution region boundary that intersects a profit line.
- D. Any point on the demand constraint that intersects a profit line.
Answer: A
Explanation:
A profit line has negative slope because the profit from sales of one product increases as the profit from sales of the other product declines. Moving the profit line rightward (while maintaining its slope) to the last point in the feasible region determines the solution.
NEW QUESTION # 259
An organization with a stable rating, as assessed by International rating agencies, has issued a bond not backed by assets or collateral. Payments of the interests and the principal to bondholders are guaranteed by the organization. Which type of bond did the organization issue?
- A. A sinking fund bond.
- B. A junk bond.
- C. A debenture bond
- D. A secured bond.
Answer: C
NEW QUESTION # 260
An internal auditor is using data analytics to locus on high-risk areas during an engagement. The auditor has obtained data and is working to eliminate redundancies in the dat a. Which of me following statements is true regarding this scenario?
- A. The auditor is normalizing data in preparation for analyzing it
- B. The auditor is reviewing the data prior lo defining the question
- C. The auditor is cleaning the data in preparation for determining which processes may tie involved
- D. The auditor is analyzing the data m preparation for communicating the results
Answer: A
NEW QUESTION # 261
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