Question 1

A brand manager in a consumer food products organization suspected that several days of the point-of-sale data on the spreadsheet from one grocery chain were missing. The best approach for detecting missing rows in spreadsheet data would be to:

Options :

A : Sort on product identification code and identify missing product identification codes.

B : Review store identification code and identify missing product identification codes.

C : Compare product identification codes for consecutive periods.

D : Compare product identification codes by store for consecutive periods.

Answer: D

Question 2

During her annual performance review, a sales manager admits that she experiences significant stress due to her job but stays with the organization because of the high bonuses she earns. Which of the following best describes her primary motivation to remain in the job?

Options :

A : Intrinsic reward.

B : Job enrichment.

C : Extrinsic reward.

D : The hierarchy of needs.

Answer: C

Question 3

As it relates to the data analytics process, which of the following best describes the purpose of an internal auditor who cleaned and normalized data?

Options :

A : The auditor eliminated duplicate information.

B : The auditor organized data to minimize useless information.

C : The auditor made data usable for a specific purpose by ensuring that anomalies were identified and corrected.

D : The auditor ensured data fields were consistent and that data could be used for a specific purpose.

Answer: A

Question 4

An organization needs to borrow a large amount of cash to fund its expansion plan. Which of the following annual interest rates is least expensive?

Options :

A : 7 percent simple interest with a 10 percent compensating balance.

B : 7 percent simple interest paid at the end of each year.

C : 7 percent discount interest.

D : 7 percent compounding interest.

Answer: B

Question 5

A small chain of grocery stores made a reporting error and understated its ending inventory. What effect would this have on the income statement for the following year?

Options :

A : Net income would be understated

B : Net income would not be affected

C : Net income would be overstated

D : Net income would be negative

Answer: A

Confidently Practice Online with Free IIA-CIA-Part3 Exam Cram

Buying Options: