IIA IIA-CIA-Part1 Q&A - in .pdf

  • IIA-CIA-Part1 pdf
  • Exam Code: IIA-CIA-Part1
  • Exam Name: Essentials of Internal Auditing
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  • Q & A: 365 Questions and Answers
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  • Exam Name: Essentials of Internal Auditing
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  • Exam Code: IIA-CIA-Part1
  • Exam Name: Essentials of Internal Auditing
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NEW QUESTION: 1
As the supply management professional, you have collected data to determine opportunities for improvement. Once you have determined the advantages and disadvantages of the proposed changes you must next determine the impact the changes will have on _______________ ?
A. Impact on the organizational strategy.
B. Financial aspects, customer service, and management opinion.
C. Cash flow, working practices, supply and distribution networks and customer loyalty.
D. Employee satisfaction and stakeholder value.
Answer: C
Explanation:
As the supply management professional, you have collected data to determine opportunities for improvement. Once you have determined the advantages and disadvantages of the proposed changes you must next determine the impact the changes will have on cash flow, working practices, supply and distribution networks and customer loyalty. The remaining answers of financial aspects, customer service, and management opinion; impact on the organizational strategy; and employee satisfaction and stakeholder value are not the correct.

NEW QUESTION: 2
You plan to use automated machine learning to train a regression model. You have data that has features which have missing values, and categorical features with few distinct values.
You need to configure automated machine learning to automatically impute missing values and encode categorical features as part of the training task.
Which parameter and value pair should you use in the AutoMLConfig class?
A. task = 'classification'
B. enable_tf = True
C. exclude_nan_labels = True
D. enable_voting_ensemble = True
E. featurization = 'auto'
Answer: E
Explanation:
Explanation
Featurization str or FeaturizationConfig
Values: 'auto' / 'off' / FeaturizationConfig
Indicator for whether featurization step should be done automatically or not, or whether customized featurization should be used.
Column type is automatically detected. Based on the detected column type preprocessing/featurization is done as follows:
Categorical: Target encoding, one hot encoding, drop high cardinality categories, impute missing values.
Numeric: Impute missing values, cluster distance, weight of evidence.
DateTime: Several features such as day, seconds, minutes, hours etc.
Text: Bag of words, pre-trained Word embedding, text target encoding.
Reference:
https://docs.microsoft.com/en-us/python/api/azureml-train-automl-client/azureml.train.automl.automlconfig.auto

NEW QUESTION: 3
Which one of the following four statements regarding the current value of a transaction and its purposes is INCORRECT?
A. Counterparty credit risk calculations are made by analyzing the current values of all deals with the same counterparty.
B. Margin call by futures exchanges are based on the current market value.
C. Profit and loss calculations are made by comparing the current values to the intrinsic values.
D. For cash settled instrument the final market value is used to settle the transaction with the counterparty
Answer: C

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