The following data on variables x and y was collected from June to October: The correlation coefficient between variables x and is nearest to:

• A.1.00
• B.-1.00
• C.0.50
• D.0.00

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In an organization where enterprise risk management practices are mature, which of the following is a core internal audit role?

• A.Giving assurance that risks are evaluated correctly.
• B.Coaching management in responding to risk.
• C.Facilitating the identification and evaluation of risks.
• D.Developing the risk management strategy for the board's approval.

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Why have many European Union countries not adopted ISO 14000 environmental standards?

• A.Following ISO 14000 standards will not reduce monitoring and inspection by regulatory agencies.
• B.Individual European Union countries' standards are typically more strict than ISO 14000 standards.
• C.Regulators are permitted to use voluntary audits as a basis for punitive action.
• D.ISO 14000 standards will not make it easier to do business across borders.

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A department store sells gift certificates that may be redeemed for merchandise. Each certificate expires 3 years after issuance. The revenue from the gift certificates should be recognized:

• A.Evenly over 3 years from the date of issuance.
• B.In the period the certificates are sold.
• C.In the period the certificates expire.
• D.In the period the certificates are redeemed or in the period they expire if they are allowed to lapse.

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Which of the following is not a method for implementing a new application system?

• A.Pilot.
• B.Parallel.
• C.Direct cutover.
• D.Test.

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