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2024 IIA-CIA-Part3 Reliable Study Questions, Free IIA-CIA-Part3 Updates | Exam Business Knowledge for Internal Auditing Certification Cost - FreeTorrent

IIA-CIA-Part3

Exam Code: IIA-CIA-Part3

Exam Name: Business Knowledge for Internal Auditing

Version: V22.75

Q & A: 580 Questions and Answers

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NEW QUESTION: 1
A customer is looking to improve performance in its storage environment. The customer is considering adding SSD drives or a FlashSystem product to the environment.
Which IBM tool will help the customer understand the benefit in performance of these different technologies?
A. Storage Tier Advisor Tool
B. Capacity Magic
C. TPC
D. Disk Magic
Answer: D

NEW QUESTION: 2
Which of the following statements are correct in relation to the financial system just prior to the current financial crisis:
I. The system was robust against small random shocks, but not against large scale disturbances to key hubs in the network II. Financial innovation helped reduce the complexity of the financial network III. Knightian uncertainty refers to risk that can be quantified and measured IV. Feedback effects under stress accentuated liquidity problems
A. II and III
B. III and IV
C. I and IV
D. I, II and IV
Answer: C
Explanation:
Explanation
Statement I is correct. The financial system proved to be stable against small shocks and disturbances, or shocks of a particular type (eg, the dotcom crash, the wars in the Persian Gulf); but rather fragile against other types of shocks, including disturbances to key market participants caused by a worsening of mortgage defaults.Statement II is incorrect. Financial innovation, in particular the slicing and dicing of 'risk' through securitization, significantly increased interrelationships, dependence on the same risk factors, and the complexity of the system as a whole.Statement III is incorrect. A distinction is sometimes made between risk that is knowable, measureable, and quantifiable through parameters; and uncertainty, where the parameters are not known at all. The latter is called 'Knightian uncertainty' after the name of the scholar who came up with the distinction between the two.Statement IV is correct. Feedback effects had the greatest impact on liquidity which was tended to be hoarded, and on asset prices that tumbled as market participants tried to sell assets to become more liquid.Thus, choice is a the correct answer.

NEW QUESTION: 3
A technician is working a trouble ticket for a user. After addressing the issue, the technician asks the user to verify functionality. The user confirms the system is functioning, but the computer's speakers now emit an irritating noise. The technician states this is a byproduct of the solution, and the user will eventually get used to the noise. Which of the following professionalism principles is the technician failing to address?
A. Avoiding dismissal of the customer's problems
B. Maintaining a positive attitude
C. Avoiding being judgmental
D. Avoiding an argument with the customer
Answer: A

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