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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2024-06-15.q282 Dumps
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Question 156

The purpose of the economic order quantity model is to:

Correct Answer: B
The purpose of the EOQ model is to minimize the sum of inventory order costs (or production setup) and holding (carrying) costs. The EOQ equals the square root of twice the annual demand multiplied by the variable cost per order, divided by the unit periodic holding cost.
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Question 157

A total interruption of processing throughout a distributed information technology system can be minimized through the use of:

Correct Answer: B
An advantage of distributed processing is fault tolerant, that is, the ability to continue processing at all site opt a nonfunctioning one.
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Question 158

The encryption technique that requires two keys, a public key that is available to anyone for encrypting messages and a private key that is known only to the recipient for decrypting messages, is:

Correct Answer: A
RSA is an encryption standard licensed to hardware and software vendors. Public-key encryption requires management of fewer keys for a given client-server environment than does private-key encryption. However, compared with DES, RSA entails more complex computations and therefore has a higher processing overhead. RSA requires two keys: The public key for encrypting messages is widely known. but the private key for decrypting messages is kept secret by the recipient.
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Question 159

Which of the following best demonstrates an organization's ability to recover from a disaster?

Correct Answer: B
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Question 160

An entity average of inventory US $4,000 in sales per day and is paid on an average within 30 days of the sale. After they receive their invoke, 55% of the customers pay by check, while the remaining 45% pay by credit card. Approximately how much would the entity show in accounts receivable on its balance sheet on any given date?

Correct Answer: B
If sales are US $400 per day, and customers pay in 30 days. 30 days of sales are outstanding, or US $120,000. Whether customers pay by credit card or cash collection requires 30 days.
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