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

Free Financial CIA-III Dumps Questions (page: 55)

The sales manager for a builder of custom yachts developed the following conditional table for annual production and sales.


According to the table, how many yachts should be built?

  1. 10
  2. 20
  3. 30
  4. 50

Answer(s): C

Explanation:

To achieve the maximum expected profit, 30 yachts should be built. For each level of production, multiply the probability of demand by the expected profit. The computation for the maximum is:
0.1 -US $10) + 0.2 $10) + 0.5 $30) + 0.2 $30) = US $22.



All of the following are useful for forecasting the needed level of inventory except:

  1. Knowledge of the behavior of business cycles.
  2. Internal accounting allocations of costs to different segments of the company.
  3. Information about seasonal variations in demand.
  4. Econometric modeling.

Answer(s): B

Explanation:

Forecasts are the basis for business plans. Models are used in the forecasting process to make decisions that optimize future results. Internal accounting allocations of costs to different segments of the company are arbitrary assignments of already incurred costs that do not have anything to do with forecasting demand. An organization has collected data on the complaints made by personal computer users and has categorized the complaints.



Using the information collected, the organization should focus on:

  1. The total number of personal computer complaints that occurred.
  2. The number of computer complaints associated with CD-ROM problems and new software usage.
  3. The number of computer complaints associated with the lack of user knowledge and hardware problems.
  4. The cost to alleviate all computer complaints.

Answer(s): C

Explanation:

Complaints based on lack of user knowledge and hardware problems are by far the most frequent according to this chart. Consequently, the company should devote its resources primarily to these issues. An organization has collected data on the complaints made by personal computer users and has categorized the complaints. An organization has collected data on the complaints made by personal computer users and has categorized the complaints.



The chart displays the:

  1. Arithmetic mean of each computer complaint.
  2. F elative frequency of each computer complaint.
  3. Median of each computer complaint.
  4. Absolute frequency of each computer complaint.

Answer(s): D

Explanation:

This Pareto diagram depicts the frequencies of complaints in absolute terms. It displays the actual number of each type of complaint. The chart does not display arithmetic means, relative frequencies, or medians of each type of complaint.



A Gantt chart:

  1. Shows the critical path for a project.
  2. Is used for determining an optimal product mix.
  3. Shows only the activities along the critical path of a network.
  4. Does not necessarily show the critical path through a network.

Answer(s): D

Explanation:

A Gantt or bar chart is sometimes used in conjunction with PERT or CPM to show the progress of a special project. Time is shown on the horizontal axis, the length of a bar equals the length of an activity, and shading indicates the degree of completion. However, the Gantt chart is not as sophisticated as PERT or CPM in that it does not reflect the relationships among the activities or define a critical path.



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

P
Priscila
7/22/2022 9:59:00 AM

i find the xengine test engine simulator to be more fun than reading from pdf.

S
suresh
12/16/2023 10:54:00 PM

nice document

W
Wali
6/4/2023 10:07:00 PM

thank you for making the questions and answers intractive and selectable.

N
Nawaz
7/18/2023 1:10:00 AM

answers are correct?

D
das
6/23/2023 7:57:00 AM

can i belive this dump

S
Sanjay
10/15/2023 1:34:00 PM

great site to practice for sitecore exam

J
jaya
12/17/2023 8:36:00 AM

good for students

B
Bsmaind
8/20/2023 9:23:00 AM

nice practice dumps

K
kumar
11/15/2023 11:24:00 AM

nokia 4a0-114 dumps

V
Vetri
10/3/2023 12:59:00 AM

great content and wonderful to have the answers with explanation

R
Ranjith
8/21/2023 3:39:00 PM

for question #118, the answer is option c. the screen shot is showing the drop down, but the answer is marked incorrectly please update . thanks for sharing such nice questions.

E
Eduardo Ramírez
12/11/2023 9:55:00 PM

the correct answer for the question 29 is d.

D
Dass
11/2/2023 7:43:00 AM

question no 22: correct answers: bc, 1 per session 1 per page 1 per component always

R
Reddy
12/14/2023 2:42:00 AM

these are pretty useful

D
Daisy Delgado
1/9/2023 1:05:00 PM

awesome

A
Atif
6/13/2023 4:09:00 AM

yes please upload

X
Xunil
6/12/2023 3:04:00 PM

great job whoever put this together, for the greater good! thanks!

L
Lakshmi
10/2/2023 5:26:00 AM

just started to view all questions for the exam

R
rani
1/19/2024 11:52:00 AM

helpful material

G
Greg
11/16/2023 6:59:00 AM

hope for the best

H
hi
10/5/2023 4:00:00 AM

will post exam has finished

V
Vmotu
8/24/2023 11:14:00 AM

really correct and good analyze!

H
hicham
5/30/2023 8:57:00 AM

excellent thanks a lot

S
Suman C
7/7/2023 8:13:00 AM

will post once pass the cka exam

R
Ram
11/3/2023 5:10:00 AM

good content

N
Nagendra Pedipina
7/13/2023 2:12:00 AM

q:32 answer has to be option c

T
Tamer Barakat
12/7/2023 5:17:00 PM

nice questions

D
Daryl
8/1/2022 11:33:00 PM

i really like the support team in this website. they are fast in communication and very helpful.

C
Curtis Nakawaki
6/29/2023 9:13:00 PM

a good contemporary exam review

X
x-men
5/23/2023 1:02:00 AM

q23, its an array, isnt it? starts with [ and end with ]. its an array of objects, not object.

A
abuti
7/21/2023 6:24:00 PM

cool very helpfull

K
Krishneel
3/17/2023 10:34:00 AM

i just passed. this exam dumps is the same one from prepaway and examcollection. it has all the real test questions.

R
Regor
12/4/2023 2:01:00 PM

is this a valid prince2 practitioner dumps?

A
asl
9/14/2023 3:59:00 PM

all are relatable questions

AI Tutor 👋 I’m here to help!