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An internal auditor discovered that several unauthorized modifications were made to the production version of an organization's accounting application. Which of the following best describes this deficiency?

A.

Production controls weakness.

B.

Application controls weakness.

C.

Authorization controls weakness.

D.

Change controls weakness.

Which of the following is not included in the process of user authentication?

A.

Authorization.

B.

Identification.

C.

Verification.

D.

Validation.

Which of the following borrowing options is an unsecured loan?

A.

Second-mortgage financing from a bank.

B.

An issue of commercial paper.

C.

Pledged accounts receivable.

D.

Asset-based financing.

Which of the following are the most common characteristics of big data?

A.

Visibility, validity, vulnerability

B.

Velocity, variety volume.

C.

Complexity completeness constancy

D.

Continuity, control convenience

An organization has recorded the following profit and expenses:

Profit before interest and tax

$200,000

Sales

$2,300,000

Purchases of materials

$700,000

Interest expenses

$30,000

If the value-added tax (VAT) rate is 20 percent and the corporate tax rate is 30 percent, which of the following is the amount of VAT that the organization has to pay?

A.

$34,000

B.

$51,000

C.

$60,000

D.

$320,000

Which of the following conflict resolution methods should be applied when the intention of the parties is to solve the problem by clarifying differences and attaining everyone's objectives?

A.

Accommodating.

B.

Compromising.

C.

Collaborating.

D.

Competing.

Which of the following options correctly defines a transmission control protocol/Internet protocol (TCP/IP)?

A.

System software that acts as an interface between a user and a computer.

B.

A standardized set of guidelines that facilitates communication between computers on different networks.

C.

System software that translates hypertext markup language to allow users to view a remote webpage.

D.

A network of servers used to control a variety of mission-critical operations.

Unsecured loans are loans:

A.

That do not have to be repaid for over one year.

B.

That appear to be too risky for most lenders to consider.

C.

Granted on the basis of a company's credit standing.

D.

Backed by mortgaged assets.

The process of scenario planning begins with which of the following steps?

A.

Determining the trends that will influence key factors in the organization's environment.

B.

Selecting the issue or decision that will impact how the organization conducts future business.

C.

Selecting leading indicators to alert the organization of future developments.

D.

Identifying how customers, suppliers, competitors, employees, and other stakeholders will react.

Which of the following would be a risk in the development of end-user computing (EUC) applications, compared to traditional information systems?

A.

Management might place the same degree of reliance in reports produced by EUC applications as it does in reports produced under traditional systems development procedures .

B.

The organization may incur higher application development and maintenance costs for EUC systems.

C.

Since development time is typically longer for EUC applications, management may not be able to respond quickly to competitive pressures

D.

Management may not be able to make quick and accurate decisions due to a diminished capacity to respond to managerial requests for computerized information

Import quotas that limit the quantities of goods that a domestic subsidiary can buy from its foreign parent company represent which type of barrier to the parent company?

A.

Political.

B.

Financial.

C.

Social.

D.

Tariff.

When writing a business memorandum, the writer should choose a writing style that achieves all of the following except:

A.

Draws positive attention to the writing style.

B.

Treats all receivers with respect.

C.

Suits the method of presentation and delivery.

D.

Develops ideas without overstatement.

Refer to the exhibit.

If the profit margin of an organization decreases, and all else remains equal, which of the following describes how the "Funds Needed" line in the graph below will shift?

A.

The "Funds Needed" line will remain pointed upward, but will become less steep.

B.

The "Funds Needed" line will remain pointed upward, but will become more steep.

C.

The "Funds Needed" line will point downward with a minimal slope.

D.

The "Funds Needed" line will point downward with an extreme slope.

Which of the following describes the result if an organization records merchandise as a purchase, but fails to include it in the closing inventory count?

A.

The cost of goods sold for the period will be understated.

B.

The cost of goods sold for the period will be overstated.

C.

The net income for the period will be understated.

D.

There will be no effect on the cost of goods sold or the net income for the period.

Which of the following is not a potential area of concern when an internal auditor places reliance on spreadsheets developed by users?

A.

Increasing complexity over time.

B.

Interface with corporate systems.

C.

Ability to meet user needs.

D.

Hidden data columns or worksheets.