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Practice of Internal Auditing

  • Exam Number/Code : IIA-CIA-Part2
  • Exam Name : Practice of Internal Auditing
  • Questions and Answers : 213 Q&As
  • Update Time: 2019-01-10
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NEW QUESTION: 1
Which Nearstore VTL CLI command can be used to obtain diagnostic information?
A. display diag
B. download diag
C. diag show
D. diag download
Answer: C

NEW QUESTION: 2
Harper's Pencils manufactures and sells the same pencils as Johnson's Supply. Employee wages account for forty percent of the cost of manufacturing pencils at both factories. Harper's is seeking a competitive edge over Johnson's supply. Therefore, to promote this end, Harper's should lower employee wages.
Which of the following, if true, seriously weakens the argument above?
A. Johnson's Supply pays its employees, on average, ten percent more than does Harper's Pencils.
B. Lowering wages would reduce the quality of employee work and this reduced quality would lead to lowered sales.
C. Harper's Pencils has taken away twenty percent of Johnson's Supply business over the last year.
D. Many people who work for manufacturing plants live in areas in which the manufacturing plant they work for is the only industry.
E. Because they make a small number of specialty artist's pencils, pencil manufacturers cannot receive volume discounts on raw materials.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The best answer is B.
The effect of lowering wages is to reduce quality sufficiently to reduce sales. This is a good reason to doubt that wage cuts would give Johnson any competitive edge.

NEW QUESTION: 3
The critical path for any project is the path that exhibits which of the following characteristics?
A. Is deemed most important to the project.
B. Has the longest duration in time.
C. Requires the largest amount of labor
D. Costs the most money.
Answer: B