Free IIA IIA-ACCA Practice Exam with Questions & Answers | Set: 6

1, 2, 3, 4

2, 1, 4, 3

2, 4, 1, 3

4, 2, 1, 3

Contribution margin is the amount remaining from sales revenue after fixed expenses have been deducted.

Breakeven point is the amount of units sold to cover variable costs.

Breakeven occurs when the contribution margin covers fixed costs

Following breakeven, net operating income will increase by the excess of fixed costs less the variable costs per units sold

Logical access controls monitor application usage and generate audit trails.

The development process is designed to prevent, detect and correct errors that may occur

A record is maintained to track the process of data from input, to output, to storage

Business users' requirements are documented, and their achievement is monitored

To ensure that data input into business applications is valid, complete, and accurate.

To prevent or detect errors in data processed using business applications.

To ensure that business applications are protected from unauthorized logical access.

To ensure the validity, accuracy, and completeness of outputs from business applications.

Invest in marketing.

Invest in research and development.

Control costs.

Shift toward mass production.

Risk response.

Risk identification.

Identification of context.

Risk assessment.

To improve the chain of command.

To strengthen corporate headquarters.

To focus better on a single market.

To increase lateral communication.

Self control.

Power distance.

Masculinity versus femininity.

Uncertainty avoidance.

COBIT helps management understand and manage the risks associated with information technology (IT) processes.

Management needs to determine the cost-benefit ratio of adopting COBIT control objectives.

COBIT control objectives are specific to various IT platforms and help determine minimum controls.

COBIT provides management with the capability to conduct self-assessments against industry best practices.

Joint ventures.

Licensing.

Exporting.

Overseas production.

Systems-based preventive control.

People-based preventive control.

Systems-based detective control.

People-based detective control.

A multinational company has stockholders in other countries.

A multinational company exports its products to other countries.

A multinational company operates outside of its country of origin.

A multinational company uses raw materials and components from more than one country.

A higher initial investment level.

A higher discount rate.

Cash inflows that are larger in the later years of the life of the project.

Cash inflows that are larger in the earlier years of the life of the project.

Internal strengths and weaknesses.

Break-even points.

External trends and events.

Internal risk factors.

Formulate contingency plans.

Conduct a risk analysis.

Create a crisis management team.

Practice the response to a crisis.