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- Exam Code: IIA-CIA-Part2
- Exam Name: Practice of Internal Auditing
- Version: V12.35
- Q & A: 70 Questions and Answers
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NEW QUESTION: 1
With respects to the cost of quality, which of the following individuals was responsible for developing the "zero-defects" approach?
A. Crosby
B. Deming
C. Juran
D. Inshikawa
Answer: A
NEW QUESTION: 2
The highest and best use of the asset is , if the asset would provide maximum value to market participants principally on the standalone basis.
A. in-exchange
B. in-market
C. in-use
D. in-sale
Answer: A
NEW QUESTION: 3
What would be the preferred course of actions when you find out that the project Gross Margin is showing a lower figure in PRS(Profitability Reporting System) than what you expected?
A. Escalate the problem to the CT Head.
B. Request the CPM to prepare a detailed presentation about project costs.
C. Invite the CPM and Project F&C to identify the deviations and review if cost and revenue have been correctly reported in PRS according to the Demand Plan assumptions and Project Cost calculations.
D. Start a cost reduction plan and reduce headcount.
Answer: C
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