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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2023-01-15.q275 Dumps
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Question 116

The problem just described is beast approved by use of which quantitative method?

Correct Answer: C
Two basic casts are involved in queuing waiting-line) models: 1) the cast of providing service including facility casts and operating casts), and 2) the cast of idle resources waiting in line. The latter may be a direct cast if paid employees are waiting, or an opportunity cast in the case of waiting customers. The objective of the queuing theory is to minimize the total cast of the system, including bath service and waiting casts, far a given rate of arrivals. This minimization occurs at the paint where the cast of waiting is balanced by the cast of providing service. A bank has two drive-in lanes to serve customers: one attached to the bank itself and one on an island. One teller serves bath stations. The bank is interested in determining the average waiting times of customers and has developed a model based on random numbers. The two key factors are the time between successive car arrivals and the time customers wait in line. Assume that the analysis begins with cars just arriving at bath service windows. bath requiring 3 minutes of service time. Car 1 is the attached window attached to the bank unless that window has more cars waiting than the island window. The lone teller will always serve the car that arrived first. If two cars arrive simultaneously, the one at the attached window will be served before the one at the island.
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Question 117

According to Herzberg's Two-Factor Theory of Motivation, which of the following is a factor mentioned most often by satisfied employees?

Correct Answer: D
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Question 118

During the last year, an organization had an opening inventory of $300,000, purchases of $980,000, sales of $1,850,000, and a gross margin of 40 percent. What is the closing
inventory if the periodic inventory system is used?

Correct Answer: C
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Question 119

Which of the following COSO internal control framework components encompasses establishing structures, reporting lines, authorities, and responsibilities?

Correct Answer: C
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Question 120

Which of the following statements about activity-based costing ABC) is false?

Correct Answer: B
ABC determines the activities that will serve as cost objects and then accumulates a cost pool for each activity using the appropriate activity base cost driver). It is a system that may be employed with job order or process costing methods. Thus, when there is only one product, the allocation of costs to the product is trivial. All of the cost is assigned to the one product; the particular method used to allocate the costs does not matter.
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