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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 191

The economic value of an entity will rise following an increase in:

Correct Answer: A
Net cash flow represents the numerator in the formula used to derive the value of the entity. Therefore, the economic value of the entity will increase as net cash flow increases. Presented below are partial year-end financial statement data for entities.
insert code

Question 192

The primary objective of security software is to:

Correct Answer: A
The objective of security software is to control access to information system resources, such as program libraries, data files, and proprietary software. Security software identifies and authenticates users, controls access to information, and records and investigates security related events and data.
insert code

Question 193

While auditing a marketing department, the internal auditor discovered that the product life cycle model was used to structure the marketing mix. Under such a philosophy, the opportunity for cost reductions would be greatest in which stage of the life cycle?

Correct Answer: B
During the growth stage, the opportunity for cost reductions is at its maximum because production volume is increasing at a high rate. Thus, fixed costs are being spread over more units of production, and the benefits of the learning curve are being realized.
insert code

Question 194

Activity scheduling information for the installation of a new computer system is given below

The earliest completion time for the project is:

Correct Answer: C
The critical path is the longest path because it defines the minimum duration of the project. A-D-E 4 + 6 + 5 = 15) is the critical path.
insert code

Question 195

Organizational activities that complement each other and create a competitive advantage are called a:

Correct Answer: B
Explanation/Reference:
insert code
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