Question 1

When examining an organization's strategic plan, an internal auditor should expect to find which of the following components?

Options :

A : Identification of achievable goals and timelines.

B : Analysis of the competitive environment.

C : Plan for the procurement of resources.

D : Plan for progress reporting and oversight.

Answer: A

Question 2

What is the primary purpose of data and systems backup?

Options :

A : To restore all data and systems immediately after the occurrence of an incident.

B : To set the maximum allowable downtime to restore systems and data after the occurrence of an incident.

C : To set the point in time to which systems and data must be recovered after the occurrence of an incident.

D : To restore data and systems to a previous point in time after the occurrence of an incident.

Answer: D

Question 3

The cost to enter a foreign market would be highest in which of the following methods of global expansion?

Options :

A : Joint ventures.

B : Licensing.

C : Exporting.

D : Overseas production.

Answer: D

Question 4

Which of the following performance measures includes both profits and investment base?

Options :

A : Residual income.

B : A flexible budget.

C : Variance analysis.

D : A contribution margin income statement by segment.

Answer: A

Question 5

Organizational activities that complement each other and create a competitive advantage are called a:

Options :

A : Merger.

B : Strategic fit.

C : Joint venture.

D : Strategic goal.

Answer: B