Value engineering is:

• A.A policy of seeking continuous improvement in all phases of company{ activities.
• B.A method of determining prices based on a cost determination.
• C.An element of a marketing mix strategy.
• D.A systematic approach to assessing all aspects of cost buildup for a product.

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Assume that the enterprise reports cost of goods sold of US $200,000 and interest expense of US $10,000 for the current period. Also assume a 50% tax rate on corporate earnings. The final closing entry required to ensure that current earnings are incorporated into year-end retained earnings is:

• A.Income summary US $140,000 Retained earnings US $140.000
• B.Retained earnings US $280,000 Income summary US $280.000
• C.Income summary US $240,000 Retained earnings US $240.000
• D.Retained earnings US $240,000 Income summary US $240.000

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Which of the following statements is true regarding a bring-your-own-device (BYOD) environment?

• A.With fewer devices owned by the organization, there is reduced need to maintain documented policies and procedures.
• B.Incident response times are less critical in the BYOD environment. compared to a traditional environment
• C.There is greater sharing of operational risk in a BYOD environment.
• D.There is a greater need Kr organizations to rely on users to comply with policies and procedures.

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A cost-volume-profit model developed in a dynamic environment determined that the estimated parameters used may vary between limits. Subsequent testing of the model with respect to all possible values of the estimated parameters is termed:

• A.A sensitivity analysis.
• B.Statistical estimation.
• C.Statistical hypothesis testing.
• D.A time-series study.

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A technology developer has entered a two-year contract with another organization to design new software.
According to IIA guidance, which of the following provisions of this agreement would be the most effective to protect the developer's product knowledge and expertise?

• A.The right to audit.
• B.Intellectual property rights.
• C.A performance measurement system.
• D.Defined roles and responsibilities.

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