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IIA-CIA-Part3-3P exam, also known as the CIA Exam Part Three: Business Knowledge for Internal Auditing, is a globally recognized certification exam for internal auditors. IIA-CIA-Part3-3P exam is offered by the Institute of Internal Auditors (IIA), a leading professional association in the field of internal auditing. The IIA-CIA-Part3-3P exam is designed to assess the candidate's knowledge and understanding of business concepts and internal audit practices.
IIA-CIA-Part3-3P exam is a computer-based test that consists of 100 multiple-choice questions. Candidates have 2.5 hours to complete the exam, which is administered at Pearson VUE testing centers around the world. The passing score for IIA-CIA-Part3-3P Exam is 600 on a scale of 250-750.
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Achieving the IIA-CIA-Part3-3P Certification demonstrates that the candidate has a thorough understanding of business management principles and is capable of applying them in a professional setting. It also validates their commitment to continuous learning and professional development. CIA Exam Part Three: Business Knowledge for Internal Auditing certification is particularly beneficial for internal auditors who wish to advance their careers, as it enhances their credibility and opens up new opportunities for career growth.
IIA CIA Exam Part Three: Business Knowledge for Internal Auditing Sample Questions (Q363-Q368):
NEW QUESTION # 363
Which of the following characteristics is most important specifically for a global manager to possess in order to be successful?
- A. Emotional intelligence
- B. Knowledge of different languages.
- C. Cultural intelligence
- D. Understanding of uncertainty avoidance differences
Answer: C
NEW QUESTION # 364
A multinational organization has multiple divisions that sell their products internally to other divisions. When selling internally, which of the following transfer prices would lead to the best decisions for the organization?
- A. Full cost
- B. Market price of the product
- C. Full cost plus a markup.
- D. Variable cost plus a markup
Answer: B
NEW QUESTION # 365
With regard to disaster recovery planning, which of the following would most likely involve stakeholders from several departments?
- A. Determining the frequency with which backups will be performed.
- B. Prioritizing the order in which business systems would be restored.
- C. Assigning who in the IT department would be involved in the recovery procedures.
- D. Assessing the resources needed to meet the data recovery objectives
Answer: B
NEW QUESTION # 366
Which of the following types of budgets will best provide the basis for evaluating the organization's performance?
- A. Budgeted balance sheet.
- B. Budgeted income statement.
- C. Selling and administrative expense budget.
- D. Cash budget.
Answer: A
NEW QUESTION # 367
Capacity overbuilding is most likely to occur when management is focused on which of the following?
- A. Marketing.
- B. Production.
- C. Diversification.
- D. Finance.
Answer: B
NEW QUESTION # 368
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