Which of the following "families" of controls is not described in The IIA's Global Technology Audit Guide (GTAG) 1, titled information Technology Controls?

• A.Governance, management, and technical controls.
• B.Preventive, detective, and corrective controls.
• C.Feedback, concurrent, and feedforward controls.
• D.IT general and application controls.

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Which of the following statements about desktop computers, servers, and mainframe computers is true?

• A.Desktop computers usually more than servers but less than mainframes.
• B.Because of the increase, desktop computers, there will be little need for mainframes in the near future.
• C.Servers must be programmed directly in machine language while mainframes use higher-level language.
• D.The cost per transaction to process on each type of computer has decreased in recent years.

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

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Should CyberAge use trade credit and continue paying at the end of the credit period?

• A.Yes, if the cost of alternative short-term financing is less.
• B.Yes, if the entity's weighted-average cost of capital is equal to its weighted-average cost of trade credit.
• C.No, if the cost of alternative long-term financing is greater.
• D.Yes, if the cost of alternative short-term financing is greater.

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Which of the following is classified as a product cost using the variable costing method?
1. Direct labor costs.
2. Insurance on a factory.
3. Manufacturing supplies.
4. Packaging and shipping costa.

• A.2 and 4
• B.1 and 2
• C.3 and 4
• D.1 and 3

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