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Exam Code:
IIA-CIA-Part3
Exam Name:
Business Knowledge for Internal Auditing
Questions:
94 Q&A
Product Type:

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NEW QUESTION: 1
Which of the following BEST helps to ensure system resiliency for a business application that processes high-volume and real-lime retail transactions?
A. Adequate reciprocal recovery agreements
B. Adequate encryption between applications
C. Adequate resourcing for the incident response team
D. Adequate application clustering
Answer: D

NEW QUESTION: 2
Notes shared login allows users to start Lotus Notes with their Notes IDs without having to provide Notes passwords. Instead, which of the following do they need to provide?
A. An unlock code from the ID vault on their home server
B. Passwords from more than one person
C. A Windows password
D. A secret passphrase
Answer: C

NEW QUESTION: 3
Suppose you are considering purchasing a financial asset which promises to pay 10 annual payments of $1,000 with the rate of return quoted as 9% per annum. How much should you pay for the annuity if the first payment is made in one year's time?
A. none of these.
B. $5759.02.
C. $6417.66.
Answer: C
Explanation:
Using hp-12C f CLEAR FIN: 0.00000000 f CLEAR REG: 0.00000000 10 n: 10.00000000 9 i:
9 .00000000 1000 CHS PMT: -1,000.000000 g END: -1,000.000000 PV: 6,417.657701
Using TI BA II Plus 2nd QUIT: 0.00 2nd CLR TVM: 0.00 1000 +- PMT: PMT = 1,000.00
1 0 N: N = 10.00 9 I/Y: I/Y = 9.00 CPT PV: 6,417.66
Thus the series of cash flows of $1000 per year is currently worth $6417.66.

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