IIA IIA-CIA-Part3 Quiz 17 Topic 3 Questions 81-85

Question: 1

Which of the following is useful for forecasting the required level of inventory?

1) Statistical modeling.

2) Information about seasonal variations in demand.

3) Knowledge of the behavior of different business cycles.

4) Pricing models linked to seasonal demand.

A1 and 2 only

B2 and 3 only

C1, 2, and 3 only

D1, 2, 3, and 4

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Question: 2

Which of the following must be adjusted to index a progressive tax system to inflation?

ATax deductions, exemptions, and tax filings.

BTax deductions, exemptions, and tax brackets.

CTax brackets, tax deductions, and tax payments.

DTax brackets, exemptions, and nominal tax receipts.

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Question: 3

Under a value-added taxing system:

ABusinesses must pay a tax only if they make a profit.

BThe consumer ultimately bears the cost of the tax through higher prices.

CConsumer savings are discouraged.

DThe amount of value added is the difference between an organization's sales and its cost of goods sold.

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Question: 4

Which of the following is true regarding an organization's relationship with external stakeholders?

ASpecific guidance must be followed when interacting with nongovernmental organizations.

BDisclosure laws tend to be consistent from one jurisdiction to another.

CThere are several internationally recognized standards for dealing with financial donors.

DLegal representation should be consulted before releasing internal audit information to other assurance

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Question: 5

For a multinational organization, which of the following is a disadvantage of an ethnocentric staffing policy?

1) It significantly raises compensation and staffing costs.

2) It produces resentment among the organization's employees in host countries.

3) It limits career mobility for parent-country nationals.

4) It can lead to cultural myopia.

A1 and 4 only

B2 and 3 only

C1, 2, and 3 only

D1, 2, and 4 only

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IIA IIA-CIA-Part3 Quiz:17 Topic:3 Questions:81-85