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

60 Questions & Answers
Verified by IT Certification Professionals

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NEW QUESTION: 1
A company has two production departments and two service departments (Maintenance and Stores). The overhead costs of each of the departments are as follows.

The following equations represent the reapportionment of each of the service department overheads to the other.
M = 4,700 + 0.1S
S = 5,800 + 0.2M
Where M = total Maintenance overhead after reapportionment from Stores
S = total Stores overhead after reapportionment from Maintenance
60% of the total Maintenance overhead and 50% of the total Stores overhead are to be apportioned to Production Department 1.
The total production overhead for Production Department 1 after reapportionment of the service departments' overhead costs is closest to:
A. $70,720
B. $71,672
C. $71,821
D. $75,500
Answer: A

NEW QUESTION: 2
What is controlled by the item category of a sales document item? (Choose three)
A. Whether you can create schedule lines for the item.
B. Whether you can reject an item in a sales order
C. Whether a customer-material info record is read
D. Whether an item is relevant for pricing
E. Whether an item is relevant for billing
Answer: A,D,E

NEW QUESTION: 3
A business has recently implemented a hybrid cloud federated solution, which will allow it to rapidly and dynamically allocate recourses during high demand, and quickly implement its Disaster Recovery Plan (DRP) and Continuity of Operations (COOP). Given this implementations, the IT director is mostly likely concerned about:
A. reducing OPEX allocations
B. maintaining strategic flexibility
C. eliminations security risks
D. hiring additional IT staff
Answer: C
Explanation:
Initially, the differences between Disaster Recover and Business Continuity should be understood. In comparison they are very similar in that they are (or should be) detailed plans to prepare an organization for events in which a situation presents itself which can cause internal systems failures, or a disruption of business systems in which they are no longer able to function to meet the requirements to perform day to day tasks.
These situations almost always result in loss of revenue, and in some cases, loss of client base. Where these plans differ is in the main concept topic for which they prepare. Business Continuity Plans generally focus on the continuation of business services in the event of any type of interruptions whether its IT based or other.
Disaster Recover Plans often refer to a company's strategy if something happens to crucial business data, and how to restore / recover that data (generally in the shortest amount of time possible).
References: https://stumpj.wordpress.com/2010/10/18/coop-and-drp-what-is-the-difference/


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