Question 1

Which of the following authentication device credentials is the most difficult to revoke when an employee's access rights need to be removed?
A) A traditional key lock.
B) A biometric device.
C) A card-key system.
D) A proximity device.

Accepted Answer

The answer of Which of the following authentication device credentials...

Question 2

An internal auditor found the following information while reviewing the monthly financial statements for a wholesaler of safety glasses: Opening inventory:       1,000 units at $2 per unit Purchased:                 5,000 units at $3 per unit Sold:                          3,000 units at $7 per unit The cost of goods sold was reported at $8,500. Which of the following inventory methods was used to derive this value?
A) Average cost method.
B) First-in, first-out (FIFO) method.
C) Specific identification method.
D) Activity-based costing method.

Accepted Answer

The answer of An internal auditor found the following information...

Question 3

An internal auditor is using data analytics to focus on high-risk areas during an engagement. The auditor has obtained data and is working to eliminate redundancies in the data. Which of the following statements is true regarding this scenario?
A) The auditor is normalizing data in preparation for analyzing it.
B) The auditor is analyzing the data in preparation for communicating the results.
C) The auditor is cleaning the data in preparation for determining which processes may be involved.
D) The auditor is reviewing the data prior to defining the question.

Accepted Answer

The answer of An internal auditor is using data analytics...

Question 4

A rapidly expanding retail organization continues to be tightly controlled by its original small management team. Which of the following is a potential risk in this vertically centralized organization?
A) Lack of coordination among different business units.
B) Operational decisions are inconsistent with organizational goals.
C) Suboptimal decision-making.
D) Duplication of business activities.

Accepted Answer

A vertically centralized organization with a small management team may face suboptimal decision-making due to bottlenecks and limited perspectives, as decisions are concentrated in the hands of a few individuals.

Question 5

Which of the following physical access controls is most likely to be based on "something you have" concept?
A) A retina characteristics reader.
B) A PIN code reader.
C) A card-key scanner.
D) A fingerprint scanner.

Accepted Answer

The answer of Which of the following physical access controls...

Question 6

Which of the following statements is true regarding the capital budgeting procedure known as discounted payback period?
A) It calculates the overall value of a project.
B) It ignores the time value of money.
C) It calculates the time a project takes to break even.
D) It begins at time zero for the project.

Accepted Answer

The discounted payback period calculates the time it takes for a project to break even in terms of present value, considering the time value of money.

Question 7

Which of the following is an example of a key systems development control typically found in the in-house development of an application system?
A) Logical access controls monitor application usage and generate audit trails.
B) The development process is designed to prevent, detect, and correct errors that may occur.
C) A record is maintained to track the process of data from input, to output, to storage.
D) Business users' requirements are documented, and their achievement is monitored.

Accepted Answer

The answer of Which of the following is an example...

Question 8

Which of the following statements is true regarding data backup?
A) System backups should always be performed real time.
B) Backups should be stored in a secured location onsite for easy access.
C) The tape rotation schedule affects how long data is retained.
D) Backup media should be restored only in case of a hardware or software failure.

Accepted Answer

The answer of Which of the following statements is true...

Question 9

An organization uses the management-by-objectives method, whereby employee performance is based on defined goals. Which of the following statements is true regarding this approach?
A) It is particularly helpful to management when the organization is facing rapid change.
B) It is a more successful approach when adopted by mechanistic organizations.
C) It is more successful when goal-setting is performed not only by management, but by all team members, including lower-level staff.
D) It is particularly successful in environments that are prone to having poor employer-employee relations.

Accepted Answer

The answer of An organization uses the management-by-objectives method, whereby...

Question 10

When using data analytics during a review of the procurement process, what is the first step in the analysis process?
A) Identify data anomalies and outliers.
B) Define questions to be answered.
C) Identify data sources available.
D) Determine the scope of the data extract.

Accepted Answer

The answer of When using data analytics during a review...

Exam 5: Business Analysis and Information Technology

Which of the following authentication device credentials is the most difficult to revoke when an employee's access rights need to be removed?

An internal auditor is using data analytics to focus on high-risk areas during an engagement. The auditor has obtained data and is working to eliminate redundancies in the data. Which of the following statements is true regarding this scenario?

A rapidly expanding retail organization continues to be tightly controlled by its original small management team. Which of the following is a potential risk in this vertically centralized organization?

Which of the following physical access controls is most likely to be based on "something you have" concept?

Which of the following statements is true regarding the capital budgeting procedure known as discounted payback period?

Which of the following is an example of a key systems development control typically found in the in-house development of an application system?

Which of the following statements is true regarding data backup?

An organization uses the management-by-objectives method, whereby employee performance is based on defined goals. Which of the following statements is true regarding this approach?

When using data analytics during a review of the procurement process, what is the first step in the analysis process?