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  • 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 Code: IIA-CIA-Part1
  • Exam Name: Essentials of Internal Auditing
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NEW QUESTION: 1
A new system is about to be developed. Which of the following functions has the highest level of risk?
A. Likelihood of failure = 20%; impact value = £100,000
B. Likelihood of failure = 2%; impact value = £200,000
C. Likelihood of failure = 10%; impact value = £150,000
D. Likelihood of failure = 1%; impact value = £500,000
Answer: A
Explanation:
Explanation/Reference:
Explanation:
In (B) the product of probability × impact has the value £15,000; in (C) the value is £5,000 and in (D) it is
£4,000. The value of £20,000 in (A) is therefore the highest.

NEW QUESTION: 2
What work product, created by the Project Manager and the client, details the approach to the project at ahigh level?
A. ProjectManagement Framework
B. Project Work Framework
C. Project Resource Framework
D. Project Implementation Framework
E. Project Management WBS
Answer: E
Explanation:
Explanation: Activities allow the project manager to streamline creation and management of the Work BreakdownStructure (WBS) for an engagement.
Note:
*Project managers use OUM to make sure they and their stakeholders develop a shared understanding of what is needed, choose an appropriate architecture, and transfer the ownership of the end-product to the stakeholders.

NEW QUESTION: 3
In which of the following group decision making techniques does the largest block in a group decide the group decision even if a bulk is not achieved?
A. Unanimity
B. Dictatorship
C. Majority
D. Plurality
Answer: D
Explanation:
The various techniques of group decision making are as follows: Unanimity: In this technique, everyone agrees on a single course of action. Majority: In this technique, more than 50% of the members of the group support the decisions. Plurality: In this technique, the largest block in a group decides even if a bulk is not achieved. Dictatorship: In this technique, one individual makes the decision for the group.


NEW QUESTION: 4
To have the greatest chance of success, how should you position HPE hybrid infrastructure?
A. as something that provides the longest list of features in the industry
B. as something that meets the customer's budget
C. as something that meets the customers technical expertise
D. as something that helps customers achieve KPls
Answer: A

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