Which of the following conditions could lead an organization to enter into a new business through internal development rather than through acquisition?

• A.The condition of the economy is poor.
• B.The number of bidders to acquire the organization for sale is low.
• C.It is expected that there will be slow retaliation from incumbents.
• D.The acquiring organization has information that the selling organization is weak.

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

• A.It ignores the time value of money
• B.It calculates the time a project takes to break even.
• C.It begins at time zero for the project.
• D.It calculates the overall value of a project

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Which of the following types of social responsibilities is voluntary and guided purely by the organization's desire to make social contributions?

• A.The bottom of the pyramid responsibility.
• B.Discretionary responsibility.
• C.Innovative responsibility.
• D.Ethical responsibility.

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When an organization is choosing a new external auditor, which of the following is the most appropriate role for the chief audit executive to undertake?

• A.Review and acquire the external audit service.
• B.Assess the appraisal and actuarial services.
• C.Identify regulatory requirements to be considered.
• D.Determine the selection criteria.

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Which of the following would most likely cause an internal auditor to consider adding fraud work steps to the audit program?

• A.Incentives and bonus programs.
• B.Lack of an ethics policy.
• C.An employee's reported concerns.
• D.Improper segregation of duties.

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