QUESTION 84
Which of the following statements regarding program change management is not correct?

QUESTION 85
Some economic indicators lead the economy into a recovery or recession, and some lag it. An example of a lag variable is:

QUESTION 86
A cost-volume-profit model developed in a dynamic environment determined that the estimated parameters used may vary between limits. Subsequent testing of the model with respect to all possible values of the estimated parameters is termed:

QUESTION 87
An internal auditor was asked to review an equal equity partnership, in one sampled transaction. Partner A transferred equipment into the partnership with a Self-declared value of 510 ,000, and Partner B contributed equipment with a self-declared value of 515,000. The capital accounts reach partner were subsequently credited with $12,500. Which of the following statements Is true regarding this transection?

QUESTION 88
The market price is the most appropriate transfer price to be charged by one department to another in the same organization for a service provided when:

QUESTION 89
A sound justification for an entity’s repurchase of its own shares e.g. treasury shares) is to:

QUESTION 90
Plantation should treat Lease B as a(n):

QUESTION 91
Derivatives that are not hedging instruments are always classified in which category of financial instruments?

QUESTION 92
Which must be part of any risk model involving inventory valuation?

QUESTION 93
Monitoring is an important component of internal control. Which of the following is not an example of monitoring?

QUESTION 94
A company produced and sold 100.000 units of a component with a variable cost of US $20 per unit Of the units produced. 1,200 failed the company’s tolerance specifications and were reworked at a cost of US $12 per unit. Reworked units were sold as factory seconds at US $45 each and first-quality units were sold at US $50 each. If the company had implemented a quality assurance program to ensure that all units produced conformed to specifications, the increase in the company’s contribution margin from this component would have been:

QUESTION 95
If the value of the U.S. dollar in foreign currency markets changes from US $1 = .95 euros to US $1 = .90 euros.

QUESTION 96
An entity donated land to a municipal for a park. cost of the land was US $75,000, and the market value at the time of the donation was US $2, as determined by a professional
appraisal if the entity has not chosen to adopt the cost model for- n’ r ant of property plant, and equipment subsequent to initial recognition, the journal entry to record the dial of the land is:

QUESTION 97
Which of the following operating procedures increases an organization’s exposure to computer viruses?

QUESTION 98
Which of the following risks is best addressed by encryption?

QUESTION 99
A German importer of English clothing has contracted to pay an amount fixed in British pounds 3 months from now. lithe importer worries that the euro may depreciate sharply against the British pound in the interim, it would be well advised to:

QUESTION 100
One change control function that is required in client/server environments, but is not required in mainframe environments, is to ensure that:

QUESTION 101
Which of the following is a project planning methodology that involves a complex series ot required simulations to provide information about schedule risk?