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Exam Code: IIA-IAP
Exam Name: Internal Audit Practitioner
Version: V22.75
Q & A: 580 Questions and Answers
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NEW QUESTION: 1
What is one of the key benefits that IBM Risk Analytics focuses on delivering to meet the identified industry imperatives?
A. Increased customer profitability
B. Risk aware business processes
C. Improved customer life cycle management
D. End to end process improvement
Answer: B
NEW QUESTION: 2
An Incentive Compensation administrator has set up the 'Point Rewards' as earning type.
However, the Sales team has not received the cash compensation during the payout processing.
Which statement is true to identify the root cause of the error?
A. The administrator has not associated the participants with the plan components where earning type is 'Point Rewards'.
B. The administrator has not defined the conversion factor for the 'Point Rewards' to convert into monetary earnings.
C. The administrator must have defined 'Point Rewards' as a monetary earning type.
D. The 'Point Rewards' is a non monetary earning type and the Oracle FUSION IC cannot calculate the rash compensation because the earning type is a non-monetary earning type.
E. The administrator must select the 'Convert into monetary earning' check box while defining the non-monetary earning type 'Point Rewards'. This allows IC to calculate incentive into cash compensation.
Answer: E
NEW QUESTION: 3
To measure relative risk an analyst should use:
A. tracking error.
B. value at risk.
C. standard deviation.
Answer: A
Explanation:
Tracking error is a measure of how closely a portfolio follows the index to which it is benchmarked.
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