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Exam Code: IIA-CIA-Part3
Exam Name: Business Knowledge for Internal Auditing
Vendor: IIA

60 Questions & Answers
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NEW QUESTION: 1
Which process is used by a Team Manager to coordinate work on one or more of the project's products?
A. Managing Product Delivery
B. Controlling a Stage
C. Managing a Stage Boundary
D. Initiating a Project
Answer: A

NEW QUESTION: 2
An analyst has a client with a $1,000,000 portfolio. The client may need to liquidate $100,000 of the portfolio at the end of a particular year. The client does not want to invade the initial capital of $1,000,000.
The table below summarizes different investment allocations.

What is the probability that the return on the safety-first optimal portfolio will be less than the shortfall level
RL? Assume normality.
A. 27%.
B. 33%.
C. 30%.
Answer: B
Explanation:
The probability is 33% that the return on the safety-first optimal portfolio will be less than the shortfall level, RL. The optimal Z value on X was 0.435.Thus: P(RA 10) = N (-0.435)). The reading on table at 0.44 is 0.6700.The solution is thus 1- 0.6700 = 33%.

NEW QUESTION: 3
All of the following statements are true of the project Closing processes except for which one?
A. The project manager's influence is greatest in the project Closing processes.
B. The stakeholders' influence is least in the project Closing processes.
C. Probability for success is greatest in the project Closing processes.
D. Risk is greatest in the project Closing processes.
Answer: D
Explanation:
Risk is lowest during the Closing processes because you've completed the work of the project at this point.


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