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  • Exam Code: IIA-CIA-Part3-3P
  • Exam Name: CIA Exam Part Three: Business Knowledge for Internal Auditing
  • Version: V15.35     Q & A: 208 Questions and Answers

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NEW QUESTION: 1
A project risk is a(n) __________ event or condition that, if it occurs, has a ___________ effect on at least one project objective:
A. unknown. neither negative nor positive.
B. uncertain. negative and positive.
C. certain. negative or positive.
D. uncertain. negative or positive.
Answer: D

NEW QUESTION: 2
You have a Windows Server 2016 failover cluster 1 that contains four nodes named Server1, Server2, Server3, Server4, Cluster1 hosts 40 virtual machines that are distributed evenly across the nodes.
Server1 and Server2 are located in a data center in Madrid. Server3 and Server4 are located in a data center in Barcelon a.
You need to ensure that when you pause a node in the other data center.
Which two actions should you perform? Each correct answer present part of the solution.
A. Configure a file share witness for each data center.
B. Run the Add-Cluster Group cmdlet.
C. Change the quorum configuration of the cluster to Node Majority.
D. Run the New-Cluster Fault Domain cmdlet.
E. Run the Set-Cluster Fault Domain cmdlet.
F. Create an Active Directory site for each data center.
Answer: B,C,E

NEW QUESTION: 3
Which three statements are about freight carriers? (Choose three)
A. General ledger accounts can not be associated with freight to collect associated costs.
B. Freight carriers can be defined only in transportation.
C. Freight carriers are used for customer shipments.
D. Freight carriers are specific to inventory organization.
E. Inter organization transfer uses an associated general ledger account to specify the freight.
F. Freight carriers are used for shipments to and from customers, suppliers, and internal organizations.
Answer: D,E,F

NEW QUESTION: 4
On January 2, 2002, Heather Ltd. signed a ten-year noncancelable lease for a passenger ferry. The lease stipulated annual payments of $68,353 starting at the end of the first year, with title passing to
Heather at the expiration of the lease. Heather treated this transaction as a capital lease.
The ferry has an estimated useful life of 15 years, with no residual value. Heather uses straight-line amortization for all of its capital assets. Aggregate lease payments were determined to have a present value of $420,000, based on implicit interest of 10%.
In its 2002 income statement, what amount of interest expense should Heather report from this lease transaction?
A. $26,250.
B. $68,353.
C. $42,000.
Answer: C
Explanation:
The interest expense would be the present value of the lease times the implicit interest rate.
$ 420,000 x .10 = $42,000.

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