An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls. Which of the following audit procedures would not provide assurance to the auditor on this matter?

• A.Reading the board's minutes.
• B.Observing the organization's operations.
• C.Interviewing the organization's employees.
• D.Inspecting manuals and documents.

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If a series of profit lines for and Y are drawn on the graph, the mix of G and Y that will result in the maximum profit can be determined from:

• A.The last point in the feasible solution region touched by a profit line.
• B.Any point on the boundary of the feasible solution region touched by a profit line.
• C.The first paint an the feasible solution region boundary that intersects a profit line.
• D.Any point on the demand constraint that intersects a profit line.

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Which of the following is most important for an internal auditor to check with regard to the database version?

• A.Verify whether access to database version information is appropriately restricted
• B.Verify whether the organization uses the most recent database software version
• C.Verify whether the database software version has been recently upgraded
• D.Verify whether the database software version is supported by the vendor.

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The appropriate discount rate to use in valuing a business combination is the:

• A.Combined entity's cost of debt.
• B.Acquirer's weighted average cost of capital.
• C.Acquirer's cost of equity.
• D.Combined entity's cost of equity.

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A software that translates hypertext markup language (HTML) documents and allows a user to view a remote web page is called:

• A.A web browser.
• B.A web server.
• C.An operating system.
• D.A transmission control protocol/Internet protocol (TCP/IP).

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