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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2025-07-07.q379 Dumps
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Question 116

What must be monitored in order to manage risk of consumer product inventory obsolescence?
1. Inventory balances.
2. Market share forecasts.
3. Sales returns.
4. Sales trends.

Correct Answer: A
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Question 117

In regression analysis, which of the following correlation coefficients represents the strongest relationship between the independent and dependent variables?

Correct Answer: C
Because the range of values is between -1 and 1.89 suggests a very strong inverse relationship between the independent and dependent variables. A value of -1 signifies a perfect inverse relationship, and a value of 1 signifies a perfect direct relationship.
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Question 118

Which of the following is an example of a phishing attack?

Correct Answer: B
Reference: IIA Business Knowledge for Internal Auditing, Cybersecurity and IT Risks section.
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Question 119

Quality cost indices are often used to measure and analyze the cost of maintaining or improving the level of quality. Such indices are computed by dividing the total cost of quality over a given period by some measure of activity during that period (for example, sales dollars). The following cost data are available for a company for the month of March. The company's quality cost index is calculated using total cost of quality divided by sales dollars.

The quality cost index for March is:

Correct Answer: A
The total cost of quality equals the sum of prevention costs (quality planning), appraisal costs (inspection and testing), internal failure costs (scrap and rework), and external failure costs (customer complaints and returns), or US $30,000 ($2,800 + $6,400 + $16,800 + $4,000). Thus, the quality cost index for March is 7.5 [(US $30,000 - US $400,000) x 100].
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Question 120

Which of the following is an example of a key systems development control typically found in the in-house development of an application system?

Correct Answer: D
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