IIA IIA-CIA-Part3 Quiz 41 Topic 2 Questions 201-205

Question: 1

Which of me following is applicable to both a job order cost system and a process cost system?

ATotal manufacturing costs are determined at the end of each period.

BCosts are summarized in a production cost repot for each department

CThree manufacturing cost elements are tracked direct materials direct labor and manufacturing overhead.

DThe unit cost can be calculated by dividing the total manufacturing costs for the period by the units produced during the period

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Question: 2

Which of me following is true of matrix organizations?

AA unity-of-command concept requires employees to report technically, functionally, and administratively to the same manager

BA combination of product and functional departments allows management lo utilize personnel from various functions

CAuthority responsibility and accountability of the units involved may vary based on the project's life, or the organization's culture

DIt is best suited for firms with scattered locations or for multi-lira. large-scale firms

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Question: 3

Based on lest results an IT auditor concluded that the organization would suffer unacceptable toss of data if there was a disaster at its data center. Which of the following test results would likely lead the auditor to this conclusion?

ARequested backup tapes were not returned from the offsite vendor in a timely manner

BReturned backup tapes from the offsite vendor contained empty spaces

CCritical systems have been Backed up more frequently than required.

DCritical system backup tapes are taken off site less frequently than required.

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Question: 4

Which of the following statements is true regarding partnership liquidation?

AOperations can continue after the liquidation if all partners agree

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

CPartnership liquidation occurs when there is capital deficiency Stable

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

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Question: 5

Which of the following most accurately describes the purpose of application authentication controls?

ATo ensure that data input into business applications is valid, complete, and accurate.

BTo prevent or detect errors in data processed using business applications.

CTo ensure that business applications are protected from unauthorized logical access.

DTo ensure the validity, accuracy, and completeness of outputs from business applications.

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IIA IIA-CIA-Part3 Quiz:41 Topic:2 Questions:201-205