Financial The Certified Internal Auditor Part 3 CIA-III Dumps in PDF

Free Financial CIA-III Real Questions (page: 29)

Sales representatives for a manufacturing company are reimbursed for 100% of their cellular telephone bills. Cellular telephone costs vary significantly from representative to representative and from month to month, complicating the budgeting and forecasting processes. Management has requested that the internal auditors develop a method for controlling these costs.
Which of the following would most appropriately be included in the scope of the consulting project?

  1. Control self-assessment involving sales representatives.
  2. Benchmarking with other cellular telephone users.
  3. Business process review of procurement and payables routines.
  4. Performance measurement and design of the budgeting and forecasting processes.

Answer(s): C

Explanation:

A business process review (BPR) assesses the performance of administrative, financial, and other processes, such as those within the procurement and payables functions. BPR considers process effectiveness and efficiency, including the presence of appropriate controls, to mitigate business risk. It seeks to achieve improvements in such critical measures of performance as cost, quality, service, speed, and customer satisfaction. Because the objective is to control cellular phone costs, BPR is the appropriate tool.



An investment company is attempting to allocate its available funds between two investment alternatives, equities and bonds, which differ in terms of expected return and risk. The company would like to minimize its risk while earning an expected return of at least 10% and investing no more than 70% in either of the investment alternatives. An appropriate technique for allocating its funds between equities and bonds is:

  1. Linear programming.
  2. Capital budgeting.
  3. Differential analysis.
  4. Queuing theory.

Answer(s): A

Explanation:

Linear programming is a mathematical technique for planning resource allocation that optimizes a given objective function that is subject to certain constraints. In this case, the maximum investment is constrained by a 70% limit on either investment choice.



Which of the following will allow a manufacturer with limited resources to maximize profits?

  1. The Delphi technique.
  2. Exponential smoothing.
  3. Regression analysis.
  4. Linear programming.

Answer(s): D

Explanation:

Linear programming is a mathematical technique for planning resource allocation that optimizes a given objective function subject to certain constraints. Thus, it maximizes a revenue or profit function or minimizes a cost function, subject to constraints. For example, constraints may be limited (scarce) resources or minimum/maximum levels of production, performance, etc. In business, linear programming is used for planning resource allocations. Managers are often faced with problems of selecting the most profitable or least costly way to use available resources.



A traditional quality control process in manufacturing consists of mass inspection of goods only at the end of a production process. A major deficiency of the traditional control process is that:

  1. It is expensive to do the inspections at the end of the process.
  2. It is not possible to rework defective items.
  3. It is not 100% effective.
  4. It does not focus on improving the entire production process.

Answer(s): D

Explanation:

The process used to produce the goods is not thoroughly reviewed and evaluated for efficiency and effectiveness. Preventing defects and increasing efficiency by improving the production process raises quality standards and decreases costs.



If a manufacturer has established a limit on the number of defects that are tolerable in the final assembly of its product, which of the following quality control procedures should be employed?

I). Inspect completed goods for compliance with established tolerances.
II). Review sales returns for defects not detected during the final inspection process.
III). Compare materials and machinery specifications with original product designs.
IV). Establish a quality circle that includes management and subordinates to discuss labor efficiency.

  1. I, III, and IV
  2. II and III only
  3. I, II, and III
  4. III and IV only

Answer(s): C

Explanation:

Inspecting goods after completion of the production process and counting defective goods returned by customers are product quality procedures. They measure the level of product conformance with customer expectations. Verifying materials and machinery specifications are process quality procedures because they emphasize the inputs to the process and the process itself.



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

F
Franklin Allagoa
7/5/2023 5:16:00 AM

i want hcia exam dumps

S
SSA
12/24/2023 1:18:00 PM

good training

B
BK
8/11/2023 12:23:00 PM

very useful

D
Deepika Narayanan
7/13/2023 11:05:00 PM

yes need this exam dumps

B
Blessious Phiri
8/15/2023 3:31:00 PM

these questions are a great eye opener

J
Jagdesh
9/8/2023 8:17:00 AM

thank you for providing these questions and answers. they helped me pass my exam. you guys are great.

T
TS
7/18/2023 3:32:00 PM

good knowledge

A
Asad Khan
11/1/2023 2:44:00 AM

answer 10 should be a because only a new project will be created & the organization is the same.

R
Raj
9/12/2023 3:49:00 PM

can you please upload the dump again

C
Christian Klein
6/23/2023 1:32:00 PM

is it legit questions from sap certifications ?

A
anonymous
1/12/2024 3:34:00 PM

question 16 should be b (changing the connector settings on the monitor) pc and monitor were powered on. the lights on the pc are on indicating power. the monitor is showing an error text indicating that it is receiving power too. this is a clear sign of having the wrong input selected on the monitor. thus, the "connector setting" needs to be switched from hdmi to display port on the monitor so it receives the signal from the pc, or the other way around (display port to hdmi).

N
NSPK
1/18/2024 10:26:00 AM

q 10. ans is d (in the target org: open deployment settings, click edit next to the source org. select allow inbound changes and save

M
mohamed abdo
9/1/2023 4:59:00 AM

very useful

T
Tom
3/18/2022 8:00:00 PM

i purchased this exam dumps from another website with way more questions but they were all invalid and outdate. this exam dumps was right to the point and all from recent exam. it was a hard pass.

E
Edrick GOP
10/24/2023 6:00:00 AM

it was a good experience and i got 90% in the 200-901 exam.

A
anonymous
8/10/2023 2:28:00 AM

hi please upload this

B
Bakir
7/6/2023 7:24:00 AM

please upload it

A
Aman
6/18/2023 1:27:00 PM

really need this dump. can you please help.

N
Neela Para
1/8/2024 6:39:00 PM

really good and covers many areas explaining the answer.

K
Karan Patel
8/15/2023 12:51:00 AM

yes, can you please upload the exam?

N
NISHAD
11/7/2023 11:28:00 AM

how many questions are there in these dumps?

P
Pankaj
7/3/2023 3:57:00 AM

hi team, please upload this , i need it.

D
DN
9/4/2023 11:19:00 PM

question 14 - run terraform import: this is the recommended best practice for bringing manually created or destroyed resources under terraform management. you use terraform import to associate an existing resource with a terraform resource configuration. this ensures that terraform is aware of the resource, and you can subsequently manage it with terraform.

Z
Zhiguang
8/19/2023 11:37:00 PM

please upload dump. thanks in advance.

D
deedee
12/23/2023 5:51:00 PM

great great

A
Asad Khan
11/1/2023 3:10:00 AM

answer 16 should be b your organizational policies require you to use virtual machines directly

S
Sale Danasabe
10/24/2023 5:21:00 PM

the question are kind of tricky of you didnt get the hnag on it.

L
Luis
11/16/2023 1:39:00 PM

can anyone tell me if this is for rhel8 or rhel9?

H
hik
1/19/2024 1:47:00 PM

good content

B
Blessious Phiri
8/15/2023 2:18:00 PM

pdb and cdb are critical to the database

Z
Zuned
10/22/2023 4:39:00 AM

till 104 questions are free, lets see how it helps me in my exam today.

M
Muhammad Rawish Siddiqui
12/3/2023 12:11:00 PM

question # 56, answer is true not false.

A
Amaresh Vashishtha
8/27/2023 1:33:00 AM

i would be requiring dumps to prepare for certification exam

A
Asad
9/8/2023 1:01:00 AM

very helpful

AI Tutor 👋 I’m here to help!