Certified Internal Auditor (CIA) Part 3: Business Knowledge for Internal Auditing Free Practice Exam Questions

259 real Certified Internal Auditor (CIA) Part 3: Business Knowledge for Internal Auditing exam questions with answers and AI explanations. IIA certification prep — page 1 of 26.

1. Question 1: According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) pr…
2. Question 2: A retail organization is considering acquiring a composite textile company. The retailer's due diligence team determined the value of the textile company to be…
3. Question 3: 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?
4. Question 6: An organization facing rapid growth decides to employ a third party service provider to manage its customer relationship management function. Which of the foll…
5. Question 7: Which of the following is an example of a nonfinancial internal failure quality cost?
6. Question 9: An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected to…
7. Question 10: Which of the following phases of a business cycle are marked by an underuse of resources? 1. The trough. 2. The peak. 3. The recovery. 4. The recession.
8. Question 11: In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?
9. Question 12: An organization produces two products, X and Y. The materials used for the production of both products are limited to 500 kilograms (kg) per month. All other r…
10. Question 13: Which of the following is a product-oriented definition of a business rather than a market-oriented definition of a business?