Amazon
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Okta
Palo Alto Networks
Salesforce
SAP
ServiceNow
All Vendors
  1. Home
  2. Financial
  3. CIA-III

Financial CIA-III Exam (page: 28)
Financial The Certified Internal Auditor Part 3
Updated on: 16-Feb-2026

Viewing Page 28 of 312
CIA-III PDF 1554 Questions

Data regarding four different products manufactured by an organization are presented as follows. Direct material and direct labor are readily available from the respective resource markets.
However, the manufacturer is limited to a maximum of 3,000 machine hours per month.


Units Produced per Machine Hour: A: 3 B: 4 C: 2 D: 3
The product that is the most profitable for the manufacturer in this situation is

  1. Product A
  2. Product B
  3. Product C
  4. Product D

Answer(s): B

Explanation:

Answer B is correct.
When resources are limited, maximum profits are achieved by maximizing the dollar contribution margin per limited or constraining factor. In this situation, machine hours are the constraining factor. Product B has a contribution margin per machine hour of US $28 [A x (US $18 - $11)], which is greater than that of Product A [3 x (US $15 - $7) = US $24], Product C [2 x (US $20 - $10) = US $20], or Product D [3 x (US $25 - $16) = US $27].



Business process reengineering is most likely to:

  1. Implement modern information systems technology to eliminate some controls.
  2. Be applied within individual departments.
  3. Improve existing procedures.
  4. Apply a continuous improvement model.

Answer(s): A

Explanation:

Reengineering and TQM techniques eliminate many traditional controls. They exploit modern technology to improve productivity and decrease the number of clerical workers. Thus, controls should be automated and self-correcting and require minimal human intervention. Moreover, auditors must be prepared to encounter (and use) new technologies. The emphasis therefore shifts to monitoring so management can determine when an operation may be out of control and corrective action is needed.



One drawback of business process reengineenng (BPR), sometimes referred to as business process analysis, is:

  1. Improved efficiency in the business processes analyzed.
  2. Excess of cost over the benefit.
  3. Reduction of operational efficiency.
  4. Employee resistance to change.

Answer(s): D

Explanation:

Business process reengineering (BPR), or business process analysis, involves process innovation and process redesign. Instead of improving existing procedures, it finds new ways of doing things. One major drawback of BPR is that employees may be resistant due to fear of layoffs, being replaced, or insecurity about new required skills or tasks that the employee now has to perform.



A company has several departments that conduct technical studies and prepare reports for clients. Recently, there have been long delays in having these reports copied at the company's centralized copy center because of the dramatic increase in business. Management is considering decentralizing copy services to reduce the turnaround and provide clients with timely reports. An appropriate technique for minimizing turnaround time and the cost of providing copy services is:

  1. Queuing theory.
  2. Linear programming.
  3. Regression analysis.
  4. Game theory.

Answer(s): A

Explanation:

Two basic costs are involved in queuing (waiting-line) models: (1) the cost of providing service (including facility costs and operating costs) and (2) the cost of idle resources waiting in line. The latter may be a direct cost if paid employees are waiting, or an opportunity cost in the case of waiting customers. The objective of queuing theory is to minimize the total cost of the system, including both service and waiting costs, for a given rate of arrivals. This minimization occurs at the point at which cost of waiting is balanced by the cost of providing service. This company wishes to reduce the total of waiting costs (turnaround time) and the cost of copy services.



The problem just described is best approached by use of which quantitative method?

  1. Integrated autoregressive-moving average (ARIMA) modeling.
  2. Exponential smoothing, multiple parameters.
  3. Queuing theory.
  4. Linear programming.

Answer(s): C

Explanation:

Two basic costs are involved in queuing (waiting-line) models: (1) the cost of providing service (including facility costs and operating costs), and (2) the cost of idle resources waiting in line. The latter may be a direct cost if paid employees are waiting, or an opportunity cost in the case of waiting customers. The objective of the queuing theory is to minimize the total cost of the system, including both service and waiting costs, for a given rate of arrivals. This minimization occurs at the point where the cost of waiting is balanced by the cost of providing service.



Viewing Page 28 of 312



Share your comments for Financial CIA-III exam with other users:

Priyo 11/14/2023 2:23:00 AM

i used this site since 2000, still great to support my career
INDONESIA


Jude 8/29/2023 1:56:00 PM

why is the answer to "which of the following is required by scrum?" all of the following stated below since most of them are not mandatory? sprint retrospective. members must be stand up at the daily scrum. sprint burndown chart. release planning.
UNITED STATES


Marc blue 9/15/2023 4:11:00 AM

great job. hope this helps out.
UNITED STATES


Anne 9/13/2023 2:33:00 AM

upload please. many thanks!
Anonymous


pepe el toro 9/12/2023 7:55:00 PM

this is so interesting
Anonymous


Antony 11/28/2023 12:13:00 AM

great material thanks
AUSTRALIA


Thembelani 5/30/2023 2:22:00 AM

anyone who wrote this exam recently
Anonymous


P 9/16/2023 1:27:00 AM

ok they re good
Anonymous


Jorn 7/13/2023 5:05:00 AM

relevant questions
UNITED KINGDOM


AM 6/20/2023 7:54:00 PM

please post
UNITED STATES


Nagendra Pedipina 7/13/2023 2:22:00 AM

q:42 there has to be a image in the question to choose what does it mean from the options
INDIA


BrainDumpee 11/18/2023 1:36:00 PM

looking for cphq dumps, where can i find these for free? please and thank you.
UNITED STATES


sheik 10/14/2023 11:37:00 AM

@aarun , thanks for the information. it would be great help if you share your email
Anonymous


Random user 12/11/2023 1:34:00 AM

1z0-1078-23 need this dumps
Anonymous


labuschanka 11/16/2023 6:06:00 PM

i gave the microsoft azure az-500 tests and prepared from this site as it has latest mock tests available which helped me evaluate my performance and score 919/1000
Anonymous


Marianne 10/22/2023 11:57:00 PM

i cannot see the button to go to the questions
Anonymous


sushant 6/28/2023 4:52:00 AM

good questions
EUROPEAN UNION


A\MAM 6/27/2023 5:17:00 PM

q-6 ans-b correct. https://docs.paloaltonetworks.com/pan-os/9-1/pan-os-cli-quick-start/use-the-cli/commit-configuration-changes
UNITED STATES


unanimous 12/15/2023 6:38:00 AM

very nice very nice
Anonymous


akminocha 9/28/2023 10:36:00 AM

please help us with 1z0-1107-2 dumps
INDIA


Jefi 9/4/2023 8:15:00 AM

please upload the practice questions
Anonymous


Thembelani 5/30/2023 2:45:00 AM

need this dumps
Anonymous


Abduraimov 4/19/2023 12:43:00 AM

preparing for this exam is overwhelming. you cannot pass without the help of these exam dumps.
UNITED KINGDOM


Puneeth 10/5/2023 2:06:00 AM

new to this site but i feel it is good
EUROPEAN UNION


Ashok Kumar 1/2/2024 6:53:00 AM

the correct answer to q8 is b. explanation since the mule app has a dependency, it is necessary to include project modules and dependencies to make sure the app will run successfully on the runtime on any other machine. source code of the component that the mule app is dependent of does not need to be included in the exported jar file, because the source code is not being used while executing an app. compiled code is being used instead.
Anonymous


Merry 7/30/2023 6:57:00 AM

good questions
Anonymous


VoiceofMidnight 12/17/2023 4:07:00 PM

Delayed the exam until December 29th.
UNITED STATES


Umar Ali 8/29/2023 2:59:00 PM

A and D are True
Anonymous


vel 8/28/2023 9:17:09 AM

good one with explanation
Anonymous


Gurdeep 1/18/2024 4:00:15 PM

This is one of the most useful study guides I have ever used.
CANADA